The British Subsidiary of Bernard Madoff will not be Punished

The British subsidiary of the financial company managed by Bernard Madoff, condemned to 150 years of prison for performing the biggest individual scam in the history of the United States, Madoff Securities International; will not be processed by British authorities because they consider that there isn’t enough evidence. According the information from the office against fraud in the United Kingdom (SFO).

Bernard Madoff, The Guru Scammer

The SFO completed it’s investigation about Madoff Securities International and on the shares of their managers and announced that after the careful analysis of the available evidences decided “not to take legal actions against the entity or against their managers, taking into account that the evidence isn’t enough to proportionate a realistic perspective of condemn”.

However, the office of fraud fight in the United Kingdom highlighted that will continue to deliver assistance and collaboration to the international anti fraud offices.

The Fall of Bernard Madoff

Bernard Madoff, ex-manager of Nasdaq, was condemned past June to 150 years of prison, the highest penalty possible. For committing a pyramidal fraud of more than $50Bn , considered as the biggest scam in the History. According the federal judje Denny Chin.

Considered during decades the Financial Guru, Bernard Madoff, 71 years old, was arrested on December 2008 by FBI agents in the office of the investors company after confessing to their sons that during 30 years had been operating using a Ponzi scheme, a pyramidal scam that led him scam more than $50Bn to their clients, among these we can find rich particulars, charity organizations, and banks reputed worldwide.

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