Madoff Employees Found Guilty Of Fraud

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Mark Melin
Published on
Updated on

After a nearly six month trial of former employees of convicted Ponzi schemer Bernie Madoff, a New York jury handed a sweeping victory to prosecutors by finding all defendants guilty on all charges. Madoff’s employees: After four days of deliberation, guilty on all counts After four days of deliberation, the jury returned guilty verdicts including conspiracy to defraud investors and securities fraud.  The defendants – two trading managers, two computer programmers and the firm’s director of operations – came as U.S. Attorney for the Southern District of New York Preet Bharara indicated in a statement that Madoff’s Ponzi scheme may…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.