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Doubts Growing Over Whether Madoff Acted Alone


First Posted: 12-24-08 11:52 AM   |   Updated: 01-24-09 05:12 AM

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Madoff

AFP:

As a probe intensifies into Bernard Madoff, doubts are growing on whether the now-infamous Wall Street investment manager could have committed a record fraud of 50 billion dollars on his own.

In a criminal complaint filed against the 70-year-old Madoff, prosecutors said Madoff stated "in substance, that he had personally traded and lost money for institutional clients and that it was all his fault."

Read the whole story: AFP

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