Prosecutors: Scope of Madoff's fraud still unknown

By
June 20, 2009 07:43

Federal prosecutors said a judge should sentence disgraced financier Bernard Madoff in ten days even though they haven't determined how much money investors lost in his multibillion-dollar Ponzi scheme. US attorneys in New York said the judge should sentence Madoff on June 29 as scheduled. According to court papers released Friday, investigators for the government and a trustee representing victims are working to reconstruct the scope of the fraud. But they said they've been frustrated in their efforts by incomplete records from Madoff's firm.


Related Content

Breaking news
August 23, 2019
N.Korea says it is ready for both dialogue, confrontation with U.S.

By REUTERS

Cookie Settings