Tags: US | Madoff | Scandal

Millions of Documents Slow Madoff Employee Case

Monday, 16 Aug 2010 01:55 PM

Lawyers for three alleged cohorts of disgraced financier Bernard Madoff say their case is mired in a mountain of potential evidence.

The paper trail consists of millions of documents seized from Madoff's records following the collapse in 2008 of his epic fraud.

A pretrial hearing was held Monday in federal court in Manhattan for Daniel Bonventre, Jerome O'Hara and George Perez. A defense attorney called the evidence "a massive, amorphous blob."

Prosecutors told a judge they had created a database so the paperwork can be searched. They offered to give the defense a tutorial.

Madoff is serving a 150-year prison sentence after admitting that he operated a Ponzi scheme for at least two decades. He admitted cheating thousands of individuals, charities, celebrities and institutional investors out of billions.

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Lawyers for three alleged cohorts of disgraced financier Bernard Madoff say their case is mired in a mountain of potential evidence.The paper trail consists of millions of documents seized from Madoff's records following the collapse in 2008 of his epic fraud.A pretrial...
US,Madoff,Scandal
128
2010-55-16
Monday, 16 Aug 2010 01:55 PM
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