The sentencing of five former aides to Bernard Madoff was delayed until mid-September after a federal judge in New York said 'voluminous' paperwork required a postponement of hearings originally scheduled for for later this week.
She oversaw a five-month trial in Manhattan federal court which ended in convictions for all five defendants. Sentencing for the three men and two women had been set to begin July 28.
A Manhattan jury in March found them guilty of aiding Madoff’s $17.5bn Ponzi scheme for decades. The convictions, following the first criminal trial stemming from the fraud, gave prosecutors a sweeping victory in an investigation that spanned more than five years.
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