More On

Trial begins for ex-Madoff employees

Prosecutors of accused the ex-employees of fabricating “millions of pages of lies”

The trial has begun for the 5 ex-Madoff employees accused of aiding Bernie Madoff’s multibillion dollar Ponzi scheme, and federal prosecutors have accused the defendants of generating “millions of pages of lies” in order to let the fraud continue.

In Manhattan federal court, prosecutors began to set forth the alleged lies in their opening statement, including details how exactly the ex-employees forged documents in order to make them seem legitimate. In one statement, prosecutors claimed the defendants argued over the size of an asterisk, trying to make every single detail of their lie correct.

Assistant Editor

author image

Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.