back to top

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.

Posted on

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.

Advertisement

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.

Got a confidential tip? Submit it here.

Promoted