One was Bernard Madoff's right-hand man for decades. Two others were executives in his firm. All are family — and presumed targets of the investigation of Madoff's epic fraud, according to ABC News.
But nearly three years into the probe, Madoff's brother, son and niece have avoided criminal charges, raising the possibility that they could get off entirely, ccording to an ABC News report..
People with knowledge of the case say federal investigators turned over potential criminal evidence against Peter, Andrew and Shana Madoff to prosecutors in the spring with expectations that a decision on whether to prosecute them would be made by the end of summer.
The U.S. attorney's office in Manhattan hasn't taken any action, suggesting any potential criminal evidence gleaned from a massive paper trail and the testimony of cooperators isn't strong enough to conclusively prove that the three knew that Madoff spent decades orchestrating the largest Ponzi scheme in history, said the people, who spoke on condition of anonymity because a final decision hasn't been announced. All three family members have denied any wrongdoing. Prosecutors already had decided not to charge Madoff's wife; Ruth….
Read all about it at http://abcnews.go.com/US/wireStory/years-chances-madoff-charges-fade-14653389
No comments:
Post a Comment