February 18, 2009 / 6:01 PM / 11 years ago

US official: Madoff, Stanford likely largest frauds

WASHINGTON, Feb 18 (Reuters) - U.S. Attorney General Eric Holder said on Wednesday he would like to think the alleged frauds involving Texas billionaire Allen Stanford and Wall Street veteran Bernard Madoff were the largest that will be coming.

Asked by reporters at the Justice Department whether there would be more cases of that scale and scope, Holder said, “It’s hard to say. I’d like to think that those are going to be the largest.”

Stanford has been charged with an $8 billion fraud while Madoff has been charged with a $50 billion fraud. Holder said, “I’m not sure I can comment on that right now,” when asked why the Justice Department has not filed criminal charges against Stanford. (Reporting by James Vicini, Editing by Patricia Zengerle)

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