Five former aides to Bernard Madoff, who spent decades working for his firm, were found guilty of helping run the biggest Ponzi scheme in U.S. history, a $17.5 billion fraud exposed by the 2008 financial crisis.
The five aides to Bernard Madoff who helped perpetrate the biggest Ponzi scheme in U.S. history never had a chance once deliberations began, jurors who delivered a guilty verdict on all 31 counts said.
Eric A. Bloom, chief executive officer of the failed investment firm Sentinel Management Group Inc., fraudulently misled its clients about how their assets were being used, a prosecutor told a federal court jury.
JPMorgan Chase & Co. and directors including Chief Executive Officer Jamie Dimon were sued by an investor for creating “a culture of lawlessness” that led to billions of dollars in settlements tied to mortgage-backed securities and Bernard Madoff’s Ponzi scheme.
Dmitry Firtash, the Ukrainian billionaire arrested in Vienna on a U.S. warrant last week, was released from jail after Austrian police checked the origin of his 125 million euro ($172 million) bail payment.
The jury deciding the fate of five of Bernard Madoff’s former employees charged with aiding his $17.5 billion Ponzi scheme will resume deliberations today with 11 members after one fell ill and was dismissed by a judge.
Jury deliberations in the trial of five former employees of Bernard Madoff accused of aiding his $17.5 billion Ponzi scheme were delayed a second day due to a sick juror, prompting the judge presiding over the case to call a hearing today in Manhattan federal court.
A federal jury in Manhattan continued deliberations for a second day in the trial of five former aides to Bernard Madoff accused of aiding his $17.5 billion Ponzi scheme -- the biggest in U.S. history.