List of 11 charges against Bernard Madoff

March 12, 2009 6:59:46 AM PDT
Here is a list of 11 felony charges brought by federal prosecutors against Bernard Madoff:

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: 5 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: 5 years in prison, fine and restitution.

Count 9: Perjury
Maximum penalty: 5 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: 5 years in prison, fine and restitution.

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