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.
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.
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’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.
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.
Bernard Madoff’s inner circle moved a step closer to learning its fate as a jury prepared to decide whether the group’s members aided a $17.5 billion Ponzi scheme in the first criminal trial stemming from the fraud.