NEW YORK (CBSNewYork/AP) — Bernard Madoff‘s ex-director of operations for investments was sentenced Monday to 10 years in prison by a judge who cited the fraud’s “smoldering ruins” as she kicked off an eight-day stretch during which she will announce the punishments of four other former Madoff workers.
“You lived a prestigious and luxurious life for decades. We now all know it was supported by a massive fraud,” U.S. District Judge Laura Taylor Swain told 67-year-old Daniel Bonventre after she announced his sentence, including an order to forfeit $155 billion. “We all live among the smoldering ruins literally of thousands of lives, yours included.”
“You were not an architect of the Ponzi scheme and are not a person who is evil at heart. You should not spend the rest of your life in prison,” she said as she explained leniency that will likely be encouraging to Madoff’s former secretary, Annette Bongiorno, 66, computer programmers Jerome O’Hara, 51, and George Perez, 48; and account manager JoAnn Crupi, 53.