Joann Crupi

Bernard L. Madoff leaves US Federal Court after a hearing regarding his bail on January 14, 2009 in New York. (credit: TIMOTHY A. CLARY/AFP/Getty Images)

Guilty Verdicts For 5 Former Bernard Madoff Employees

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.


Bernard L. Madoff leaves US Federal Court after a hearing regarding his bail on January 14, 2009 in New York. (credit: TIMOTHY A. CLARY/AFP/Getty Images)

Closing Arguments Wrap Up In Fraud Trial Of Ex-Madoff Employees; Deliberations To Begin Monday

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.


Daniel Bonventre, George Perez and JoAnn Crupi are three of the five former employees of Bernard Madoff on trial for allegedly helping the disgraced financier run his massive Ponzi scheme. (credit: Getty Images)

Prosecution Delivers Closing Arguments In Trial Of Bernard Madoff’s Ex-Employees

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.


FILE -- Daniel Bonventre, former director of operations for investments, working under Bernie Madoff, arrives at Federal Court in Manhattan, on Oct. 8, 2013. (credit: Getty Images)

Ex-Bernard Madoff Employee Testifies He Didn’t Know About Ponzi Scheme

Daniel Bonventre has pleaded not guilty to fraud charges. Authorities say he cooked the books to throw off regulators.


Bernie Madoff

Bernard Madoff’s Right-Hand Man: I Lied On A Daily Basis

The cross-examination of the government’s star witness in the trial of five of Bernard Madoff’s former empoyees has given the jury new insight into the way disgrace financier ran his massive Ponzi scheme.


Bernard Madoff

Longtime Deputy: Auditors Would Send Bernard Madoff Into A Panic

Frank DiPascali testified that his boss would “razzle dazzle” auditors by using computer programs specially designed to make it appear that fake investments were real.


Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Madoff’s Right-Hand Man Testifies Against 5 Former Co-Workers On Trial

Bernard Madoff’s former right-hand man is about to take center stage at the trial of five former co-workers. Prosecutors plan to call Frank DiPascali to the witness stand this week in federal court in Manhattan.


Bernard Madoff

Madoff Controller Testifies About Meeting Of Inner Circle

Enrica Cotellessa-Pitz, who worked for Madoff for three decades, is testifying against five former colleagues in exchange for leniency.


Bernie Madoff

Witness: Madoff Wrote Out $175 Million In Checks For Employees, Family After Bust

The trial against five of Bernard Madoff’s former employees continued Wednesday with testimony from consultants who investigated the firm following Madoff’s arrest.


Bernard Madoff (file/credit: Mario Tama/Getty Images)

Lawyer: Former Madoff Employee On Trial For Ponzi Scheme Fraud ‘Fooled By His Lies’

The trial follows the 2008 collapse of Madoff’s private investment business, which cost clients nearly $20 billion. A court-appointed trustee has recovered much of the money by forcing those customers who received big payouts from Madoff to return the funds.


Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Jury Selection Begins In Trial Of 5 Former Madoff Employees

Five former employees of imprisoned Ponzi scheme operator Bernard Madoff were introduced to 200 prospective jurors Tuesday, as jury selection began in their fraud trial.


Bernie Madoff

Madoff Trustee Sues HSBC For $9B In NY Court

The lawsuit was filed in the U.S. Bankruptcy Court for the Southern District of New York.


Bernie Madoff

Trustee For Madoff Victims Files 40 Lawsuits In NY

Picard said his firm is seeking about $69 million in funds deposited by the company’s customers and stolen in the 72-year-old’s vast Ponzi scheme.


Bernie Madoff

Madoff Trustee Sues UBS, Others For $2B

The lawsuit alleges 23 counts of financial fraud and misconduct. It seeks to recover at least $2 billion to be distributed to Madoff victims.


Bernie Madoff

Ex-Madoff Aide Can’t Make Bail, Sent To NY

Bongiorno and another former Madoff aide were arrested last week on conspiracy, securities fraud and other charges arising from the multibillion-dollar Ponzi scheme. They could each face decades in prison if convicted.