Madoff scheme continues to unfold

March 23, 2009 | By Jim Kim

There's a lot of nervousness in the Bernard Madoff orbit right now. Madoff has tried to portray himself as the sole mastermind behind the massive scheme, but prosecutors and investigators are not buying it. With the indictment of David Friehling, Madoff's auditor for nearly 20 years, the government has made clear that it is pursuing the case in many directions. Victims certainly hope that any enablers are brought to justice. There were may feeder funds that existed to acquire assets for Madoff.

The family of Madoff is attracting more attention as well, especially his wife Ruth Madoff, as the Financial Times notes, prosecutors are treating her assets as if they were his. Madoff's sons are also being looked at, as the trustee overseeing the case has said there was no real distinction between the securities business and the fraudulent advisory business.

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