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Ten could be charged in Madoff fraud: source



30 June 2009 @ 11:08 am ET

NEW YORK - Ten or more people associated with multibillion dollar swindler Bernard Madoff could face criminal charges in investigations in the coming months or beyond, a law enforcement source said on Tuesday.


Booking mug shot of Bernard Madoff
Booking mug shot of Bernard Madoff released to Reuters on March 17, 2009. SERVICE/FOIA/Handout (REUTERS / Chip East)
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Disgraced financier Madoff, 71, was sentenced to 150 years imprisonment on Monday after he pleaded guilty in March to orchestrating a worldwide investment scheme of as much as $65 billion.

"When all is said and done, the FBI thinks there is a good chance it will be able to charge 10 or more people," said the law enforcement source, who asked not to be identified because the investigation is continuing.

(Reporting by Grant McCool, editing by Gerald E. McCormick)

Copyright 2009 Thomson Reuters. All rights reserved.

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