5 Former Madoff Aides Convicted Of Assisting Ponzi Scheme

Law360, New York (March 24, 2014, 3:17 PM EDT) -- A New York federal jury on Monday found five former Bernie Madoff associates guilty of aiding the $65 billion Ponzi scheme, capping a grueling five-month trial that shed new light on the historic fraud.

The 11-member jury returned a verdict of guilty on each of the government’s 31 charges after deliberating for less than four full days. The five former Bernard L. Madoff Investment Securities LLC employees have been on trial since October on claims they knowingly participated in the massive fraud, which unraveled in December...
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