Former Madoff Exec Claims Prosecutors Gutted Legal Fund

Law360, New York (March 7, 2013, 4:54 PM EST) -- A sudden asset seizure by prosecutors has improperly wiped out a criminal defense fund for Daniel Bonventre, a former executive at Bernard Madoff's firm, his lawyer told the Second Circuit on Thursday.

Bonventre, the director of operations at Bernard L. Madoff Investment Securities LLC, claims prosecutors began using civil proceedings to seize his assets after he refused to plead guilty and cooperate with the government.

The seizure came about 10 months after charges were filed — well after defense lawyers had begun sifting through the reams...
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