UK Fraud Unit Launches Madoff Probe

Law360, New York (January 8, 2009, 12:00 AM EST) -- The United Kingdom's Serious Fraud Office announced Thursday that it had launched a probe into disgraced fund manager Bernard L. Madoff's business operations in the U.K.

The investigation will focus on U.K. victims and any offenses that may have been committed in that country, according to the announcement.

The news comes as federal prosecutors in the U.S. try to convince a magistrate judge that Madoff should be jailed immediately because his attempts to send jewelry and other valuables worth more than $1 million show he is...
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