Bernard Madoff and his wife chose the exact amount of personal tax they would pay each year with the help of fake documents provided by a top aide on trial over the con man’s $17 billion fraud, a jury was told. Daniel Bonventre, one of five former Madoff employees on trial in Manhattan, prepared false general ledgers and corporate profit statements to help reach what Madoff called “fudged” numbers for tax filings, David Friehling, Madoff’s accountant for more than 20 years, testified yesterday. More on Bloomberg here.
