Annette Bongiorno, who ran the investment advisory business at the center of Bernard Madoff’s $17 billion Ponzi scheme, told a jury she backdated customer trades almost every day and didn’t realize it was wrong.
Eric A. Bloom, who presided over Sentinel Management Group Inc.’s collapse seven years ago, has watched as the U.S. economy faltered then rebounded, awaiting judgment on whether he was a victim of the crisis, or one of its causes.
Bernard Madoff’s former director of operations told a jury he wasn’t responsible for the investment advisory unit at the center of the con man’s $17 billion fraud, even though he balanced its checkbook and paid its salaries and expenses.
Daniel Bonventre, one of five former aides to Bernard Madoff on trial over the con man’s $17 billion Ponzi scheme, told a jury he didn’t know what “COO” stood for and denied using the corporate title in seeking a $300 million loan from Bank of New York Mellon Corp. in 2006.
Daniel Bonventre, one of five former aides to Bernard Madoff on trial over the con man’s $17 billion Ponzi scheme, gambled big by choosing at the last minute to testify in his own defense, former prosecutors said.
A video of Bernard L. Madoff in 2007 telling a New York conference that fraud on Wall Street was “virtually impossible” may be shown to a jury in the trial of five of the con man’s former employees, a judge ruled.
A 2007 video of Bernard Madoff talking about the “impossibility of committing fraud” on Wall Street doesn’t prove he lied to five of his former aides on trial over his $17 billion Ponzi scheme and shouldn’t be shown to jurors, the U.S. said.
Israel’s finance minister pledged to bail out Hadassah Medical Center, which has filed for bankruptcy amid allegations of mismanagement that hobbled its recovery from the loss of millions to Bernard Madoff.
Five former aides to Bernard Madoff on trial accused of taking part in his $17 billion Ponzi scheme argue a 2007 video of the con man telling an audience about the “impossibility of committing fraud” will show his skill at lying, bolstering their claim they were duped into helping him.