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Scandal

SEC Digs Into Madoffs

Probe extends to family and associates.

The Security and Exchange Commission continues to investigate Bernard Madoff’s family to see if they had any connection to his mind-boggling $50 billion fraud. Though the patriarch is the only Madoff to be formerly charged with any wrongdoing, his two sons, brother, niece and wife have all worked for his hedge fund at some point. Madoff’s close associates are also part of a wide net that the SEC has cast. One in particular, Frank DiPascali, has been questioned by authorities and was described as “evasive.”

Read it at The Wall Street Journal

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