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’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…
Madoff Employees Found Guilty Of Fraud
Mark Melin
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.