US Accuses Ex-Madoff Director Of Aiding Fraud

Law360, New York (February 25, 2010, 6:45 PM EST) -- A former director of operations who worked with imprisoned Ponzi schemer Bernard Madoff was arrested and charged Thursday with allegedly covering up a multibillion-dollar fraudulent scheme and using more than $750 million of investor funds to prop up trading operations at Madoff’s firm.

Daniel Bonventre, the former executive of now-defunct Bernard L. Madoff Investment Securities LLC, was charged in a criminal complaint with conspiracy, securities fraud, falsifying books and records of a broker-dealer, submitting false filings to the U.S. Securities and Exchange Commission, and providing bogus...
To view the full article, register now.