06/12/2009 05:12 am ET Updated May 25, 2011

Billions Withdrawn Before Madoff Arrest, Records Show

About $12 billion was pulled out of accounts at Bernard L. Madoff's firm in 2008, according to several people briefed on an analysis of Mr. Madoff's business records.

About $6 billion, or half, was taken out in just the three months before the financier was arrested in December and charged with operating an extensive Ponzi scheme, these people said.

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