Madoff Firm Funded Trips For Employees, Prosecutors Say

Law360, New York (October 21, 2013, 7:49 PM EDT) -- Certain former Bernard L. Madoff Investment Securities LLC employees had access to unrestricted corporate credit cards that paid for lavish expenses including family trips to Las Vegas and Disney World, prosecutors argued Monday, hinting at possible incentives for their alleged involvement in Madoff’s historic Ponzi scheme. 

Assistant U.S. Attorney John Zach drew testimony from longtime BLMIS data entry employee Charlene White that sought to paint a picture of the indulgent lifestyle that some employees allegedly used company funds to support, taking frequent family and personal trips...
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