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  • FBI Diverts Anti-Terror Agents to Bernard Madoff $50 Billion Swindle

    12/23/2008 6:50:16 AM PST · by marshmallow · 27 replies · 910+ views
    The Times (UK) ^ | 12/23/08 | Suzy Jagger
    The FBI has been forced to transfer agents from its counter-terrorism divisions to work on Bernard Madoff’s alleged $50 billion fraud scheme as victims of the biggest scam in the world continue to emerge. Only ten days after Mr Madoff confessed to his two sons that he had created a giant fraud, the FBI and the Securities and Exchange Commission (SEC), the Wall Street regulator, have narrowed the focus of their inquiries to ascertain which individuals and funds helped him. They are questioning other employees of Madoff Securities and are also examining the role of feeder funds that provided Mr...