Madoff Five to Learn Prison Fate at November Sentencings

Five former aides to jailed conman Bernard Madoff who were convicted of aiding the biggest Ponzi scheme in U.S. history will be sentenced in November, a Manhattan judge said. Annette Bongiorno, who ran the investment advisory unit at the center of the fraud, and Daniel Bonventre, the former operations chief of Madoff’s broker-dealer business, will be sentenced Nov. 10, U.S. District Judge Laura Taylor Swain said today. U.S. probation officials have recommended that both be sentenced to 20 years in prison, according to court papers. Two others — Joann Crupi, who managed large accounts for Madoff, and computer programmer Jerome O’Hara — will be sentenced Nov. 12. Probation officials suggested a term of 14 years for Crupi and eight years for O’Hara. More on Bloomberg here.