Ex-Madoff Associate Takes Witness Stand In Rare Move

Law360, New York (February 18, 2014, 6:40 PM EST) -- One of five former Bernard Madoff associates on trial over the epic Ponzi scheme took the unusual step Tuesday of testifying in his own defense, telling a New York federal jury he was ignorant of the fraud until Madoff’s 2008 arrest and calling the swindler “a terribly ill man.”

Daniel Bonventre, who worked for Madoff for more than 40 years, most recently as director of operations, testified that his former boss “seemed to have the respect of the entire world” until the massive Ponzi scheme came...
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