Ponzi

AP: Madoff Sons May Face Charges

It’s not over yet: The Associated Press says that two of Bernie Madoff’s employees may face criminal charges in the coming weeks and that Madoff’s brother and sons will probably face tax-fraud charges later this year. However, Madoff’s sons, Andrew and Mark, and brother, Peter, are likely to evade more serious charges. So far four other employees and an outside accountant have been charged in the Ponzi scheme, in addition to Madoff who’s serving a 150-year prison sentence.