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The Case Against Madoff

Here is a list of 11 felony charges brought by federal prosecutors against Bernard Madoff provided by The Associated Press:
  • Count 1: Securities fraud. Maximum penalty: 20 years in prison; fine of the greatest of $5 million or twice the gross gain or loss from the offense; restitution.
  • Count 2: Investment adviser fraud. Maximum penalty: Five years in prison, fine and restitution.

  • Count 3: Mail fraud. Maximum penalty: 20 years in prison, fine and restitution.
  • Count 4: Wire fraud. Maximum penalty: 20 years in prison, fine and restitution.
  • Count 5: International money laundering, related to transfer of funds between New York-based brokerage operation and London trading desk. Maximum penalty: 20 years in prison, fine and restitution.
  • Count 6: International money laundering. Maximum penalty: 20 years in prison, fine and restitution.
  • Count 7: Money laundering. Maximum penalty: 10 years in prison, fine and restitution.
  • Count 8: False statements. Maximum penalty: Five years in prison, fine and restitution.
  • Count 9: Perjury. Maximum penalty: Five years in prison, fine and restitution.
  • Count 10: Making a false filing with the Securities and Exchange Commission. Maximum Penalty: 20 years in prison, fine and restitution.
  • Count 11: Theft from an employee benefit plan, for failing to invest pension fund assets on behalf of about 35 labor union pension plans. Maximum penalty: Five years in prison, fine and restitution.
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