SFO opens Madoff UK investigation

The veteran US investor, currently facing trial for a $50bn fraud, may have also committed fraud through his UK operations and the SFO wants City professionals to help with its investigation. Following a report from Grant Thornton, which was appointed provisional liquidators of Madoff's UK businesses, the SFO has decided to open an investigation. SFO director, Richard Alderman, says: "This is a good example of the SFO's new, faster, approach to tackling fraud. The public say they want us to take early action and this is what we are doing." Alderman wants investors and other stakeholde...