Madoff Aides Indicted on More Fraud Charges

By RYAN SIT

Additional charges, some dating back to the 1970’s, were brought against longtime employees of Bernard Madoff in Manhattan Federal Court on Tuesday, bringing the total to 33 criminal counts.

A superseding indictment filed Monday with the US Attorney charged Daniel Bonventre, Annette Bongiorno, Joann Crupi, Jerome O’Hara and George Perez with 16 more counts than the previous indictment in 2010. The new indictment dates the conspiracy to “at least the early 1970’s,” court documents said.

All five defendants were longtime employees of Bernard L. Madoff Investment Securities LLC when Madoff was charged with operating history’s largest Ponzi scheme. “Each of the defendants in his or her way,” free run 4.0 v3 FBI official Mary Galligan said, “played a key role in designing, building, or maintaining the house of cards.”

Each of those roles, said US District Preet Bharara, becomes clearer with each additional charge. The defendants are being charged with various conspiracy and fraud counts that helped Madoff conceal the multi-billion dollar scam.

“We will not rest until all the alleged participants and enablers are made to answer for their conduct,” said Bharara in a press release.

Judge Laura Taylor Swain set a trial date for October 7, 2013 after the defendants unanimously pleaded not guilty to the expanded charges against them.

Investment advisors Bongiorno, 64, who worked under Madoff for 40 years and managed approximately $8.5 billion as of November 2008, and Crupi, 51, an employee of 25 years who managed about $900 million, conducted trades on paper only, alleged court documents. free run 4.0 v3 femmes They face additional charges for manipulating purchase dates and trades in order to control the amount of gains reflected in the investment advisory accounts, among other accusationss.

Bongiorno was also said to have processed profits in accounts months before those accounts had been established.

Bonventre, a Madoff employee of 40 years, was charged with 22 counts – the most of all five defendants. Among them were backdating records to show tax auditors, and doctoring documents to appear consistent with Madoff’s fraudulent tax returns. Bonventre, 65, faces a possible sentence of 221 years in prison and over $37 million in fines if convicted on all counts.

The new indictment alleges that Cupri, O’Hara and Perez joined Bonventre in creating fraudulent books and records to deceive the United States Securities and Exchange Commission and a European accounting firm. O’Hara, 49, and Perez, 46, began working for Madoff in 1990 and 1991, but were accused of assisting in conspiring to defraud investment clients since the 1970’s. Both have been charged with eight counts of conspiracy, securities fraud, and falsifying records.