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Madoff gets 150 years, 10 others to be charged

Published 06/30/09

NEW YORK (AP) — Federal authorities are pressing a probe of 10 associates of Bernard Madoff despite a sentence that means the mastermind of one of the biggest financial frauds in history will spend the rest of his days behind bars, The Associated Press has learned.

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A person, who spoke on condition of anonymity because the investigation is ongoing, wouldn't detail potential charges or say whether the 10 would include Madoff's family or former employees. So far, only Madoff and an accountant accused of failing to make basic auditing checks have been criminally charged in the multibillion-dollar hoax.

In court Monday, the...

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Finally... - 2009-06-30 13:00:16

A while collar criminal is being held responsible for his crime. There is still an extremely long list of people to go after.

unhide Comment hidden due to low ranking. Why is this comment hidden?

Jesse B. - Annapolis, MD - Karma: Neutral


Report Abuse or Vote In order to allow the user community the ability to collectively rank the value of comments posted on the Capital Gazette websites we have implemented a thumbs-up/down system. All logged-in users may participate by voting up/down each comment. If others vote on your comment, your individual score will go up/down depending on the votes. Initially, everyone starts with a score of zero, and must earn credits to have significant voting weight. Individuals with higher scores will have more voting weight. +8

Now costing us - 2009-06-30 12:42:19

Really torn on this one. He deserves a severe punishment, but is keeping him in jail on the taxpayers' dime really the best solution? Make him live in a cheap apartment in a lower class neighborhood, make him work 80 hours a week and garnish his wages (except the minimum he needs for housing, food, etc.) to pay back some of the money he stole, even if the amount is just symbolic.

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Scott S. - Annapolis, MD - Karma: Excellent

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