Feds Say Madoff Aides Lied As Marathon Trial Nears End

Law360, New York (March 4, 2014, 5:48 PM EST) -- Five former employees at Bernard Madoff’s securities firm “told an avalanche of lies” as they aided the massive Ponzi scheme, a federal prosecutor said Tuesday during closing arguments in a five-month trial that has shed new light on the historic fraud.

Assistant U.S. Attorney John Zach told jurors in New York federal court that each of the defendants had played a "crucial role" in carrying out the largest Ponzi scheme in history. The marathon case, which began in October and includes 31 charges, stems from the...
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