SEC charges New York firm, California adviser with fraud in raising billions for Madoff scheme

WASHINGTON — Federal regulators filed securities fraud charges Monday against a prominent California investment adviser and a New York brokerage firm said to be secretly controlled by Bernard Madoff, accusing them of funneling billions of dollars from investors into Madoff’s Ponzi scheme.

SEC charges Cohmad firm, four people with fraud in raising billions from investors for Madoff

WASHINGTON — Federal regulators have charged a brokerage firm called Cohmad Securities and four people with securities fraud, accusing them of funneling billions of dollars from investors into Bernard Madoff’s pyramid scheme.