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Madoff behind bars, investigation grinds forward

Madoff behind bars, investigation grinds forward

The day after Bernard Madoff received a 150-year prison term, investigators are continuing their pursuit of other suspects in his massive fraud.
A person close to the investigation tells The Associated Press no more arrests are imminent, but 10 people are expected to face charges by the time investigators are done.
The person, who spoke on condition of anonymity because the investigation is ongoing, says authorities expect the probe to move forward and answer questions about how Madoff pulled off the multibillion-dollar Ponzi scheme.
The 71-year-old Madoff was sentenced to 150 years in prison on Monday. He had pleaded guilty to charges that his secretive investment advisory business was a scam that wiped out thousands of investors.


Updated : 2021-05-17 10:06 GMT+08:00