BREAKING NEWS

Prosecutors: Scope of Madoff's fraud still unknown

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.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy