Monday, August 17, 2009

More Madoff Indictments Imminent

The Daily Beast reports:
Two people close to the Bernie Madoff investigation tell Lucinda Franks prosecutors will issue more indictments after Labor Day, and new evidence is pointing towards family members.

Federal prosecutors, who have worked for nearly six months to figure out who helped Bernie Madoff pull off history’s biggest Ponzi scheme, are poised to make multiple indictments in the weeks after Labor Day, according to two people familiar with the investigation.

Moreover, an FBI source tells The Daily Beast that investigators have compiled additional evidence against members of Bernie Madoff's family, specifically his brother Peter Madoff, and his sons Andrew and Mark Madoff. “There is enough hard evidence [against the family members] that the U.S. Attorney’s office could provide to a grand jury,” says the FBI source.
As you probably can guess, Bernie didn't act alone.