Ex-Madoff Controller Testifies Against Former Co-Workers

Law360, New York (November 19, 2013, 7:50 PM EST) -- Bernard Madoff's former controller said in New York federal court Tuesday that she helped him shuffle money around his company to make phony profits, pointing the finger at other ex-Madoff employees now on trial for allegedly aiding his fraud.

Enrica Cotellessa-Pitz testified that at month's end at Bernard L. Madoff Investment Securities LLC, Madoff's firm, she would often transfer money from his investment advisory business, a Ponzi scheme, into the legitimate money market aspect of the firm to make it seem profitable.

She said Daniel Bonventre...
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