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U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

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U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

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Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

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More charges may lie ahead for Madoff

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NEW YORK | Thu Mar 12, 2009 2:59pm EDT

NEW YORK (Reuters) - Prosecutors will bring additional charges as warranted against Bernard Madoff or anyone else involved in the fraud that bilked investors of billions, the Acting U.S. Attorney for Manhattan said on Thursday.

"Today is one step in an ongoing investigation," Lev Dassin said in a statement after Madoff pleaded guilty in Manhattan federal court in the biggest Ponzi scheme in Wall Street history.

"While we do not agree with all the assertions made by Mr Madoff today, his admissions certainly establish his guilt.

"We are continuing to investigate the fraud and will bring additional charges against anyone, including Mr. Madoff, as warranted," Dassin said.

Madoff pleaded guilty to 11 charges. Prosecutors have estimated that the scheme drew in as much as $65 billion over at least 20 years.

Madoff is the only person who has been charged in the case.

(Reporting by Grant McCool)
U.S.
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