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Ex-Madoff employee sentenced to 10 years in prison

Prison Bars

One of Bernard Madoff’s longest-serving employees was sentenced to 10 years behind bars for helping run a $17.5bn fraud, with the judge giving Daniel Bonventre a break for not being as bad as his former boss. Prosecutors had sought a sentence of more than 20 years.



Money Graph

Banker insists she was following orders during heist

The Philippine bank manager who approved fund transfers at the center of an $81m cyber heist will tell lawmakers in a closed hearing Thursday that she was following orders from high-level officials at Rizal Commercial Banking Corp., her lawyer said.