Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

5 Madoff ex-workers convicted

NEW YORK — Five former employees of imprisoned financier Bernard Madoff were convicted Monday at the end of a six-month trial that cast them as the long arms of their boss, telling a web of lies to hide a fraud that enriched them and cheated investors out of $20 billion.

The trial was the first to result from the massive fraud revealed in December 2008, when Madoff ran out of money and was arrested. And it was a renunciation of Madoff's claim when he pleaded guilty to fraud charges in March 2009 that he acted alone.

"The evidence was just overwhelming," juror Craig Parise said as he left the courthouse.

The case focused on five people who prosecutors said helped Madoff carry out the fraud. Each was convicted of conspiracy to defraud clients, securities fraud and falsifying the books and records of a broker dealer. Prosecutors obtained convictions on all 31 charges, though only one defendant was charged in some counts.

Prosecutors unveiled hundreds of exhibits and showcased dozens of witnesses to prove charges against Annette Bongiorno, 66, Madoff's longtime secretary; Daniel Bonventre, 67, his director of operations for investments; JoAnn Crupi, 53, an account manager; and Jerome O'Hara, 51, and George Perez, 48, computer programmers.

The maximum potential sentences range from 78 years to 220 years in prison when the charges for each defendant are stacked up, but the actual sentences are likely to be far below that once the judge takes into consideration prior records and other facts unique to each defendant.

Madoff is serving a 150-year prison sentence.

5 Madoff ex-workers convicted 03/24/14 [Last modified: Tuesday, March 25, 2014 12:05am]
Photo reprints | Article reprints

Copyright: For copyright information, please check with the distributor of this item, Associated Press.
    

Join the discussion: Click to view comments, add yours

Loading...
  1. Hernando sheriff: Middle school staffer accused of sexually assaulting student

    Crime

    SPRING HILL — A staffer and coach at Fox Chapel Middle School was arrested Tuesday, accused of sexually assaulting a student on the school's campus.

    Marcus Wells, 34, an in-school suspension monitor at Fox Chapel Middle School, was arrested Tuesday on allegations that he sexually battered a student, according to the Hernando County Sheriff's Office. He was fired by the school district. [Photo courtesy of the Hernando County Sheriff's Office]
  2. Memorial service sparks wistful memories for daughter of slain Hillsborough deputy

    Public Safety

    TAMPA — As the somber notes of "Taps" sounded in a stiff breeze, Sherri Longway thought about her father.

    
Hillsborough County Sheriff David Gee, far left, stands with his hand over his heart along with others during the HCSO's annual Law Enforcement Memorial Service Wednesday, May 24, 2017 in the Ybor City area Tampa. Sheriff David Gee along with dignitaries and members of the sheriff's office paid tribute to members of the Sheriff's Office who have sacrificed their lives in the line of duty.
  3. Editorial: Super Bowl yardsticks for bay area

    Editorials

    From the moment they arrive, Super Bowl fans returning to Tampa for the NFL title game in 2021 will see and experience an entirely new Tampa Bay region. Whether it's the expanded airport, the growing universities and thriving downtowns or the new entertainment destinations and incubators for business, visitors will feel …

    From the moment they arrive, Super Bowl fans returning to Tampa for the NFL title game in 2021 will see and experience an entirely new Tampa Bay region.
  4. Convicted murderer whose release Pam Bondi fears will stay behind bars

    State Roundup

    TALLAHASSEE — A former Tampa police officer convicted in 1980 of murdering a security guard was again denied parole at a hearing where Attorney General Pam Bondi said his release could have put her at risk.

    Florida Attorney General Pam Bondi arrives for an injunction hearing at the Hillsborough County Courthouse, Wednesday, May 17, 2017, in Tampa, regarding William Norman Wilkes, the man she alleges has been stalking her. On Wednesday, the Florida Commission on Offender Review is set to consider whether to let Charles Norman, a former Tampa police officer convicted of murder, will seek his possible release. Bondi says Norman has sent her threats. "He is a menace to society and needs to remain behind bars," Bondi said.   [Loren Elliott | Tampa Bay Times]
  5. Romano: On this education bill, you decide who is evil

    Politics

    The political ramifications are not lost on Kristine Benson.

    Six-year-old Chase Benson was born with down syndrome and autism. He attends a private school in Palm Harbor through a Gardiner Scholarship. [Photo courtesy of Kris Benson]