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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-30-10 01:22 PM
Original message
Madoff sons, brother may face charges
Source: MSNBC/AP

Family members of disgraced financier likely to face tax fraud charges

NEW YORK - Federal authorities will charge at least two employees from disgraced financier Bernard Madoff's former firm in the coming weeks — and Madoff's brother and two sons could be next, two people familiar with the probe into Madoff's financial fraud told The Associated Press.

Madoff's brother, Peter, and sons Andrew and Mark — executives in the Madoff firm's legitimate market-making and proprietary-trading business — are likely to face tax fraud charges later this year, but may escape more serious securities fraud charges if authorities fail to come up with solid evidence they knowingly participated in the massive fraud, the people said.

The people, who asked not to be identified because the investigation hasn't been completed, declined to name the two employees or specify possible charges.

Read more: http://www.msnbc.msn.com/id/36874576/ns/business-us_business/
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truthisfreedom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-30-10 01:23 PM
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1. It's pretty easy to not be surprised this isn't over yet.
So much money... there's no way they'll let it go.
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mvd Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-30-10 01:28 PM
Response to Reply #1
2. Yes. And it should go beyond Madoff
:hi:
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hyphenate Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-30-10 05:38 PM
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3. The one I can't stand is his wife
She's been his accomplice for a very long time, and she needed tp be charged, too. Behind every successful con artist, there is a wife/girlfriend who is egging them on.

Sometime, it's been all their idea in the first place.
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unabelladonna Donating Member (483 posts) Send PM | Profile | Ignore Sat May-01-10 12:15 PM
Response to Reply #3
4. so true...
she was very happy to live the life, she knew what was going on (and so did the sons, niece and nephew). ...and not everyone who invested with the grifter was a mega-millionaire. an acquaintance who is a well-respected doctor lost practically everything.
however, people must realize if it sounds too good to be true, it isn't.
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