August 20, 2014
NEW YORK (AP) - Federal prosecutors say a judge should sentence
disgraced financier Bernard Madoff in ten days even though they
haven't determined how much money investors lost in his
multibillion-dollar Ponzi scheme.
U.S. attorneys in New York say that the judge should sentence
Madoff on June 29 as scheduled.
Court papers released Friday say that investigators for the
government and a trustee representing victims are working to
reconstruct the scope of the fraud. But they say they've been
frustrated in their efforts by incomplete records from Madoff's
Authorities have so far identified about 1,341 of the firm's
account holders. The losses so far exceed $13 billion.
Madoff pleaded guilty in March to charges that his investment
advisory operation was a massive swindle. The 71-year-old could
spend the rest of his life in prison.
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