Feeds:
Posts
Comments

Posts Tagged ‘SEC Complicity’

FBI steps up search for evidence in Bernard (Bernie) Madoff scandal


The FBI is understood to be monitoring key individuals connected to the $50 billion (£34 billion) Bernard Madoff investment scandal as the federal agency comes under increased pressure to construct a criminal case against the 70-year-old financier.

The agency is scrutinising bank withdrawals made by former employees of Mr Madoff and their personal activities, including where they travel and with whom they mix. The use of such methods came to light as it emerged that Frank Dipascali, Mr Madoff’s chief financial officer, has been interviewed by investigators over his role at Madoff Investment Securities. Marc Mukasey, Mr Dipascali’s lawyer, failed to return calls yesterday.

As regulators scour documents seized from Mr Madoff’s offices in Manhattan, the financier is under pressure to meet tomorrow’s deadline to provide details of all investments, assets, loans, lines of credit and accounts held by his company to the US Securities and Exchange Commission (SEC).

(more…)

Read Full Post »

%d bloggers like this: