“Ward said U.S. prosecutors were working with law enforcement authorities in other countries, including the Serious Organized Crime Agency in London.

She said there were “criminal implications” involved in Madoff’s international securities business. The judge did not immediately decide the issue….”

More here.

Madoff’s accountant Friehling (of Friehling & Horowitz) has been charged with creating sham audits and falsely testifying that they were up to professional standards. He faces a jail sentence of upto 105 years. Madoff faces upto 150 years.

Comment

Well, we already knew that. Question: what’s the difference between crime and serious crime?