Jury considers ex-Madoff employee case

American courtroom

Bernard Madoff has recanted his claim that he operated his epic Ponzi scheme alone, conceding in the years since his arrest that others knew what he was up to and contributed to the scheme.

Fox Business reports that he has never fingered any of the members of his small office staff, some of whom worked with him for decades churning out the paperwork and performing the routine bookkeeping duties that helped perpetuate the multi-billion-dollar fraud.

On Monday a federal jury in New York began deliberations to decide whether five of those staff members were duped by Madoff, as they claim, or were complicit in their boss’s crimes.

The case is the first criminal trial to spring directly from Madoff’s scheme, which investigators say operated for more than two decades and bilked investors of an estimated $17bn.

The five defendants are back-office manager Daniel Bonventre; portfolio managers Annette Bongiorno and Joann Crupi; and computer programmers Jerome O'Hara and George Perez.

To access the complete Fox Business article hit the link below:

Jury Gets Case of Five Ex-Madoff Employees

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