Madoff employees were 'puppets'

Bernie Madoff

Lawyers for five former employees of Bernard Madoff on Thursday cast their clients as mere puppets under the spell of an awesome, cult-like leader and 'pathological liar'.

Reuters reports that the former staffers are on trial accused of creating false records and transactions at Bernard Madoff Securities until its implosion in 2008.

Investors lost about $19bn in the scam, prosecutors have said.

Madoff, 75, is serving a 150-year prison sentence after pleading guilty in 2009 to running a Ponzi scheme.

'He was brilliant, you were not', Breslin said of Madoff, whose 'shadow will be in this courtroom every single day'.

Thursday was the second day of opening arguments in the trial of the former employees. The trial continues next week with prosecution witnesses.

On Wednesday, prosecutors appealed to the jurors' common sense, saying Madoff could not possibly have pulled off his scheme, valued as high as $65bn, without help.

To access the complete Reuters article hit the link below:

Madoff employees were puppets of 'grand master,' defence says

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