Five Former Bernie Madoff Associates Convicted Of Conspiracy In Ponzi Scheme

It was the first trial to stem from the massive fraud after Madoff himself pleaded guilty, sparing himself a lengthy courtroom drama.

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Five former workers of disgraced financier Bernie Madoff were convicted of conspiracy Monday in a Manhattan federal court following a six-month trial, the first of its kind in the wake of the historic $68 billion fraud that came to light in 2008.

Sentencing for the Ponzi players has yet to be determined. Madoff himself is currently serving a 150-year prison term.

Gavon Laessig is a deputy news director and front page editor for BuzzFeed News and is based in New York.

Contact Gavon Laessig at gavon@buzzfeed.com.

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