One of five people found guilty last month of aiding Bernard Madoff’s $17.5 billion Ponzi scheme asked the judge in the case for an acquittal or a new trial, citing a lack of evidence and flawed jury deliberations.
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 former Bernard Madoff aides on trial for perpetuating 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.
Bernard Madoff planned every detail of his firm’s demise in the days before he was arrested five years ago today to avoid being marched past his 200 employees in handcuffs, the con man’s former finance chief told a jury.
Bernard Madoff’s former finance chief, Frank DiPascali, who pleaded guilty to aiding the con man’s $17 billion Ponzi scheme, fed prosecutors “a line of garbage” to build their criminal case against five of his ex- colleagues, a defense lawyer told a jury.
Bernard Madoff’s computer programmers were tricked into aiding his $17.5 billion Ponzi scheme and prosecutors failed to prove otherwise during a five- month trial, a defense lawyer said in closing arguments.
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.
Bernard Madoff’s former chief information officer, who died 10 months before the con man’s arrest, was responsible for the company’s deceptive computer code and related projects, not two ex-programmers on trial, a defense lawyer told jurors.
Bernard Madoff’s finance chief, who pleaded guilty to aiding his $17 billion fraud, said he could tell right away that fake trades were being used in customer accounts in 1975 when he joined the firm after high school.