The Next Targets in the Madoff Case
Ruth Madoff, who was considered “innocent at first,” is believed to have received at least $70 million from her husband and is now therefore an object of the investigation.by Lucinda Franks
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Two days before Bernard Madoff enters an 11-count guilty plea in Manhattan federal court, the investigation into his giant Ponzi scheme has broadened to include a number of suspected co-conspirators, according to federal officials involved in the case. Madoff’s lawyer told a judge today that there was no “deal” connected to Madoff’s confessing to money laundering, mail fraud, and other counts that will likely result in a life sentence.
That tallies with the revelation, from another source involved in the probe, that
Madoff has not been cooperating in good faith with investigators. “He is not reliable. He’s jerking everyone around,” said the source. “Every day he changes his tune about where the money went and where it is. He’s trying to protect his family.”.................
“These client funds moved through English banks were pocketed by the Madoff family,” said a US source familiar with the British investigation.
One source said that eventually, some members of Madoff’s family will either be indicted by the US attorney’s office for the Southern District of New York or cop a plea. “You have to look at the fact that Peter and (his daughter) Shana were compliance officers; they were supposed to look at all the statements to see if they were right,” the source said. “Either they asked no questions, turned a blind eye, or they could not help but see the falsified trade tickets of blue-chip companies sent to clients.”
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more:
http://www.thedailybeast.com/blogs-and-stories/2009-03-10/the-next-targets-in-the-madoff-case/
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