Madoff Fraud Driven by Novice Workers, Accountant Says

Bernard Madoff “utilized” workers with a low level of education and professional training to keep his $17 billion Ponzi scheme alive for so long, a government witness told a jury in the trial of five former employees. Bruce Dubinsky, a forensic accountant whose team analyzed the fraud in 2011, made the remark about the workers in a 2012 deposition and confirmed the words yesterday under cross-examination by defense lawyers in Manhattan federal court. More on Bloomberg here.

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