NEW YORK (CBSNewYork/AP) – A prosecutor has laid out his case to the jury that five ex-employees of imprisoned financier Bernard Madoff helped carry out history’s biggest Ponzi scheme.
Prosecutor Matthew Schwartz introduced the government’s case Wednesday, saying the defendants “helped perpetuate Madoff’s elaborate fiction.” The Manhattan federal court trial is expected to last five months.
Defendants include Madoff’s former longtime secretary and the director of operations at the firm he headed since the 1960s. Other defendants are a former account manager and two computer programmers. All have pleaded not guilty.