Former Madoff Aide Gets 10 Years For Role In Ponzi Scheme

Law360, New York (December 8, 2014, 12:59 PM EST) -- Daniel Bonventre, a former top deputy to Bernie Madoff convicted of aiding the massive Ponzi scheme following a five-month trial in New York federal court, was sentenced Monday to 10 years in prison.

Judge Laura Taylor Swain also ordered Bonventre, the former operations chief at Bernard L. Madoff Investment Securities LLC, to pay $155 billion in forfeiture together with other co-conspirators in the scheme. Bonventre and four other former BLMIS employees were convicted in March of participating in the fraud, which caused an estimated $17.5 billion in investor losses and earned Madoff a 150-year prison sentence.

Prior to the sentence, Bonventre...

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