Eric Aronson told a federal judge in Central Islip Friday he knew what he was doing was wrong.
In an interview with “60 Minutes” in 2011, Madoff insisted he had no idea what his father was up to.
A senior partner at a New York accounting firm has now pleaded guilty to his role in the multi-billion dollar Bernard Madoff Ponzi scheme.
Yeshiva University is reportedly $1 billion in the red, with $500 million in debts and another $500 million in losses with risky investments.
An investment fund manager has admitted in a Long Island courtroom to stealing nearly $100 million of investors’ money in a Ponzi scheme that helped fund his interest in a Hamptons resort.
The verdicts came Monday in a Manhattan trial that lasted nearly six months. The federal court trial was the first to result from the multi-decade fraud that landed Madoff in prison for 150 years.
The jury has the monumental task of sorting through five months of testimony to determine whether the ex-Madoff employees knew that their jobs involved perpetuating a massive Ponzi scheme.
The prosecution wraps up closing statements in the trial against five former aides to Ponzi schemer Bernard Madoff. Madoff’s former secretary, his former head of operations, an account manager and two computer programmers are on trial.
prosecutor John Zach told jurors Tuesday that Madoff depended on his former secretary, his former head of operations, an account manager and two computer programmers to keep his fraud alive for four decades.
Convicted swindler Bernie Madoff’s secretary took the stand nearly five years after her former boss went to prison.
The fund will distribute assets forfeited in the Madoff case. It’s separate from a bankruptcy court proceeding that has recovered money to redistribute to burned Madoff clients.
Daniel Bonventre has pleaded not guilty to fraud charges. Authorities say he cooked the books to throw off regulators.
Madoff was sentenced to 150 years in prison after pleading guilty in 2009 for bilking investors of $65 billion. He ran his operation out of an office in the Lipstick Building in Midtown Manhattan.
A Naval Academy graduate ripped off his friends, family and former classmates by running a $1.2 million Ponzi scheme, prosecutors said Tuesday.
The bank will pay $1.7 billion to settle criminal charges and a $350 million civil penalty for what the Treasury Department called “critical and widespread deficiencies” in its programs to prevent money laundering and other suspicious activity.