RSS
  • Crime and punishment    March 25 
Bernie Madoff's former aides found guilty of fraud
Andrew Burton/Getty Images
Andrew Burton/Getty Images

Half a decade after their erstwhile boss pleaded guilty to running a Ponzi scheme, five of Bernard Madoff's former aides were convicted on Monday of helping him cover it up. After a five-month trial, portfolio managers Annette Bongiorno and Joann Crupi, computer programmers Jerome O'Hara and George Perez, and back-office director Daniel Bonventre were all found guilty of securities fraud and conspiracy to defraud clients. "The scheme these defendants helped perpetrate cost innumerable investors their life savings," U.S. Attorney Preet Bharara said in a statement. "Now it likely will cost the defendants their freedom." Sentencing will take place in July.

- - Catherine Garcia
 
 
Load More Articles

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Most Popular Speed Reads
FOLLOW SPEED READS

About Speed Reads
Speed Reads is TheWeek.com's continuously updated collection of the most interesting, important, and trending things on the internet – delivered with concision, intelligence, and wit. Contact us at speedreads@theweek.com.
Subscribe to the Week