Tags: US | Madoff | Scandal

Former Madoff Operations Exec Arrested

Thursday, 25 Feb 2010 09:59 AM

 

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The FBI says it has arrested the former operations director for Bernard Madoff Investment Securities.

FBI spokesman James Margolin says 63-year-old Daniel Bonventre was arrested early Thursday at his Manhattan home.

The U.S. attorney's office says he is charged with conspiracy, securities fraud, and tax crimes. Bonventre was expected to appear in court later in the day.

Madoff is serving a 150-year prison sentence. He admitted cheating investors out of billions of dollars through an investment Ponzi scheme.

The name of Bonventre's attorney was not immediately known.

Madoff is serving a 150-year prison sentence. He admitted cheating investors out of billions of dollars through an investment Ponzi scheme.

The name of Bonventre's attorney was not immediately on record.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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