Accused Madoff Ponzi Pal Tight-Lipped On Witness Stand

Law360, New York (February 20, 2014, 7:24 PM EST) -- A former subordinate of Bernard Madoff who took the unusual step of testifying in his own defense over the Ponzi scheme repeatedly declined to answer a federal prosecutor’s yes-or-no questions Thursday during a combative cross-examination in the closely watched trial.

Daniel Bonventre, who served as the operations chief for Madoff’s broker-dealer business before the firm collapsed in 2008, repeatedly told Assistant U.S. Attorney Randall Jackson that he either did not know the answer to a particular question or could not respond with a simple yes or...
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