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SEC charges Madoff-linked firm, adviser with fraud

By MARCY GORDON
,
AP
posted: 140 DAYS 19 HOURS AGO
comments: 0
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WASHINGTON -Federal regulators filed securities fraud charges Monday against a prominent California investment adviser and a New York brokerage firm said to be secretly controlled by Bernard Madoff, accusing them of funneling billions of dollars from investors into Madoff's Ponzi scheme.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-06-22 21:25:56

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Federal regulators filed securities fraud charges Monday against a prominent California investment adviser and a New York brokerage firm said to be secretly controlled by Bernard Madoff, accusing them of funneling billions of dollars from investors into Madoff\'s Ponzi scheme.