Madoff Aides Knew 'Bernie Claus' Wasn't Real: Prosecutor

Law360, New York (March 13, 2014, 8:17 PM EDT) -- Five former Bernie Madoff associates who have insisted they didn’t know about the Ponzi scheme are like adults who claim to still believe in Santa Claus, a federal prosecutor said Thursday during a combative trial session that featured a slew of curse words and objections.

Assistant U.S. Attorney Randall Jackson began his closing arguments in the marathon trial by comparing Madoff to Santa Claus, an extraordinary man who was “generous for no apparent reason” and who solicited investments in the form of "milk and cookies" while...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Magistrate judge case numbers: 


Case Number

1:10-cr-00228

Court

New York Southern

Nature of Suit

Date Filed

March 17, 2010

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.