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 Now that Bernard Madoff is behind bars for the rest of his life and then some, authorities are apparently pursuing charges against 10 other people that may have helped Madoff pull off his
giant Ponzi scheme. A source in an AP report could not say if the 10 people include Madoff's family or former employees, but several blogs and publications are already speculating as to who Madoff's minions might be. It's almost assured that Madoff had accomplices; this was the biggest fraud in history, after all. However, Madoff didn't squeal on them so a little speculation is only natural. As Jill Schlesinger notes on The Huffington Post: It has always seemed impossible that Madoff could have done this alone. Didn't anyone at the broker-dealer notice that that there were no trades going through? Could the compliance officer have "missed" so many red flags? Did anyone consider the absurdity that Madoff never showed one single month of losses? I'd like to see the government's case put a big bull's eye on the back of the following targets: Madoff's wife, sons, brother, niece, other close business associates, and of course, those feeder funds execs who were paid handsomely for participating. Madoff apparently loaned over $30 million to various family members throughout 2007 and 2008, according to The Daily Beast. Those loans include a $2 million charity fund created by his son, Mark Madoff. DealBook spoke with Peter J. Henning, a professor at Wayne State Law School, who speculated that Madoff's brother and chief compliance officer Peter Madoff could face charges. Meanwhile, Clusterstock has gathered a list of possible suspects that include everyone from Madoff's secretary to his sons. Forbes is reporting that Jeffry M. Picower and his wife Barbara might have been involved in the scheme. Bankruptcy trustee Irving Picard believes, "Decisions Inc. of Hawthorne, N.Y., which was the investment vehicle through which Picower allegedly took out $5.8 billion from Bernard Madoff Investment Securities, LLC, between December 1995 and April 2007" received special and suspiciously beneficial treatment. According to reports, suspected accomplices, particularly Madoff's family members, could also face private lawsuits. It's hard not to imagine that the lawsuits will come pouring in once the authorities eventually discover how Madoff pulled it off and who was involved. So who do you think was involved in Madoff's scheme? - Maria Woehr
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It goes far beyond just his sons and family members.
Michael Milken and Bernie Madoff and the Mob.
http://www.deepcapture.com/michael-milken-60000-deaths-and-the-story-of-dendreon-chapter-1-of-15/