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MSNBC/APFamily members of disgraced financier likely to face tax fraud chargesNEW YORK - Federal authorities will charge at least two employees from disgraced financier Bernard Madoff's former firm in the coming weeks — and Madoff's brother and two sons could be next, two people familiar with the probe into Madoff's financial fraud told The Associated Press.
Madoff's brother, Peter, and sons Andrew and Mark — executives in the Madoff firm's legitimate market-making and proprietary-trading business — are likely to face tax fraud charges later this year, but may escape more serious securities fraud charges if authorities fail to come up with solid evidence they knowingly participated in the massive fraud, the people said.
The people, who asked not to be identified because the investigation hasn't been completed, declined to name the two employees or specify possible charges.
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