10 more people to be charged in the Bernard Madoff financial

Tuesday June 30, 2009, 9:48 am EDT

-- Authorities are pursuing charges against 10 more people in the Bernard Madoff financial scandal after the mastermind of one of the biggest financial frauds in history was sentenced to spend the rest of his days behind bars, The Associated Press has learned.

A person familiar with the investigation, speaking on condition of anonymity because the probe is ongoing, wouldn't detail what the potential charges would be or say whether the 10 people include Madoff's family or former employees. So far, only Madoff and an accountant accused of failing to make basic auditing checks have been criminally charged in the multibillion-dollar hoax.


"This is not just a matter of money," "The breach of trust was massive. Investors -- individuals, charities, pension funds, institutional clients -- were repeatedly lied to, as they were told their monies would be invested in stocks when they were not."