A former trader at Bernard Madoff's investment firm described on Thursday how he helped create false trades with two other former employees to prop up Madoff's $17 billion Ponzi scheme... "If someone looked at it, it would look potentially like a real trade, like something that had taken place," he told a federal jury in New York.

Bongiorno and Crupi are among five former Madoff employees charged with aiding Madoff in a scheme that cost investors an estimated $17 billion. The other defendants are Daniel Bonventre, the firm's director of operations, and two computer programmers, Jerome O'Hara and George Perez.

So... it wasn't "just Madoff"? That sounds eerily like (exactly like) what we said around here all along...

Comments: Be the first to add a comment

add a comment | go to forum thread