Credit: Reuters/Lucas Jackson
1 of 5. Daniel Bonventre, former operations manager for convicted swindler Bernard Madoff, leaves the Manhattan Federal Courthouse in New York March 21, 2014.
A federal jury in New York found back-office director Daniel Bonventre, portfolio managers Annette Bongiorno and Joann Crupi and computer programmers Jerome O'Hara and George Perez guilty of securities fraud in connection with clients of the former Bernard L. Madoff Investment Securities LLC. They were also convicted of conspiring to defraud those clients.
The case was the first to reach trial since Madoff's arrest in December 2008 and lasted more than five months. Prosecutors introduced into evidence thousands of pages of internal documents seized from Madoff's investment firm and called dozens of witnesses.
Madoff is serving a 150-year-prison sentence after pleading guilty to running a Ponzi scheme. Investors lost principal estimated at more than $17 billion.
(Reporting by Joseph Ax; Editing by Dan Grebler)
Posted by Unknown on Monday, March 24, 2014 - Rating: 4.5
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