BUSINESS
04/27/2009 05:12 am ET Updated May 25, 2011

Madoff's London Office Accused Of Role In Fraud

British regulators said on Friday that the London office of Bernard L. Madoff played a large part in his sweeping Ponzi scheme, in one of the first signs that Mr. Madoff might not have acted alone.

The Serious Fraud Office has been investigating Mr. Madoff's small London operation since late last year, and investigators now say that Ruth Madoff was paid $2 million in late November by the British office just before her husband's arrest. British investigators would provide no additional detail on the payment.

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