Wednesday, March 11, 2009

Madoff Employees Helped Dupe Investors, US Prosecutors Say

Madoff Employees Helped Dupe Investors, US Prosecutors Say
You think? There is no way that this guy swindled over 64 billion away from his investors on his own, which is why I will contend that they know darn well the wife was up to her knee-highs in this mess too. The question is though will they get charged or will they use the threat of charging them to get the employees to drop dime on Madoff.

Madoff will be entering in a guilty plea to fraud, perjury and money laundering. The report goes on to say that he may be doing that to protect his employees and possible coconspirators (I like that word, any chance I get to use it is a plus for my day). Apparently dude had family working for him, whom held high ranking positions in the company.

Madoff Employees Helped Dupe Investors, US Prosecutors Say
Bloomberg - ‎5 hours ago‎By David Glovin, David Voreacos and Erik Larson March 11 (Bloomberg) -- US prosecutors shed new light yesterday on how they believe Bernard Madoff’s subordinates helped him operate a $64.8 billion Ponzi scheme, without saying whether those employees ...
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