Archive for January 8th, 2009

Prosecutors Turn Up The Heat On Madoff

Prosecutors Turn Up The Heat On Madoff

Ponzi schemes almost always have insiders, and sometimes the insiders may not even know they’re insiders. In an extraordinary revelation, federal prosecutors said this afternoon that Bernard Madoff took overt steps to distribute bonuses to preferred family,  friends and employees after he realized the Ponzi he created was crashing down around him “[When] the defendant’s […]