New York state prosecutors are investigating frauds on charities caught up in the scandal of accused swindler Bernard Madoff, New York Attorney General Andrew Cuomo said on Tuesday.
Cuomo, whose office has not previously publicly declared a probe of the purported worldwide $50 billion Madoff fraud, said the scandal had given his office great cause of concern.
On Monday a U.S. magistrate judge rejected a government request to revoke's Madoff's bail and send him to jail while the investigation of his alleged fraud proceeds.
The 70-year-old investment adviser remains under house arrest in his $7 million Manhattan apartment.
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