Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Madoff Laundered Money Overseas: Feds

Fraud extended to London, US says

By Clay Dillow,  Newser Staff

Posted Mar 12, 2009 7:50 AM CDT

(Newser) – At least a quarter-billion dollars of client funds passed through Bernard Madoff's London operation in money-laundering maneuvers that involved the trading operation as well as the firm's investment-advisory arm, the US government alleges. Madoff's sons, who have denied involvement in the Ponzi scheme in which...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
1 comment
A snapshot of the day's best news stories.
 

More Newser Stories

Madoff Family Members May Face Charges

Madoff Auction Makes $2M

Madoff Lover Still Talking About Tiny Penis

Madoff Yanked $165M from London Branch Just Before Bust

Madoff's $100K AmEx Bills Point to Rampant Abuse


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment