HFA Icon

Madoff Employees Found Guilty Of Fraud

HFA Padded
Mark Melin
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

After a nearly six month trial of former employees of convicted Ponzi schemer Bernie Madoff, a New York jury handed a sweeping victory to prosecutors by finding all defendants guilty on all charges.

Madoff Employees Found Guilty Of Fraud

Madoff's employees: After four days of deliberation, guilty on all counts

After four days of deliberation, the jury returned guilty verdicts including conspiracy to defraud investors and securities fraud.  The defendants – two trading managers, two computer programmers and the firm's director of operations – came as U.S. Attorney for the Southern District of New York Preet Bharara indicated in a statement that Madoff’s Ponzi scheme may have dated back to...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article
Already a member? Log in here
HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.