Tuesday, March 25, 2014

Guilty by association? Madoff's former employees are found guilty of fraud.

In 2009 Bernard Madoff pleaded guilty to running a Ponzi scheme that bilked investors out of $20 billion and was sentenced to 150 years.

Now, after nearly 6 months on trial, Bernard Madoff's former employees are found guilty of participating in the world's biggest Ponzi scheme.  Dan Bonventre, Annette Bongiorno, Joann Crupi, Jerome O'Hara and George Perez were hit with a litany of federal criminal charges, including conspiracy to commit securities fraud...READ MORE
The former stockbroker Bernie Madoff
One of the victims/collaborators/formeremployees testified in her federal court trial that she was just following Bernard Madoff's orders and had no idea she was participating in a massive fraud.

1 comment:

t said...

He lied and profited from it. But 150 years???? I don't understand.

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