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.
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 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.
SAC Capital Advisors LP, the hedge- fund firm that agreed to pay a record fine to settle insider- trading charges, moved to boost surveillance by hiring Palantir Technologies Inc., a Central Intelligence Agency-backed software maker.
A Morgan Stanley broker and a law firm employee were charged with insider trading in a scheme that included passing tips on notes and napkins that a middleman swallowed under the big clock in Grand Central Terminal.
George Washington University received three gifts totaling $80 million for its school of public health from charities associated with junk bond pioneer Michael Milken and Viacom Inc. Chairman Sumner Redstone.
Former Jefferies & Co. Managing Director Jesse Litvak was convicted in the only criminal case against an individual in connection with a U.S. program that used bailout funds to spur investment in mortgage-backed securities.