FBI Arrests Another Madoff Executive

[spotbird]

Source: NBC

The one-time director of operations for the Bernie Madoff firm was arrested Thursday for his alleged role faking records to help the $65 billion dollar scheme succeed for decades.

Daniel Bonventure, 63, was arrested at his Manhattan apartment. He had worked with Madoff since 1968 and became director of operations in 1978. In that role, Bonventure was in charge of internal accounting as well as maintaining stock records. Investigators have said no trades were ever done at the Madoff firm and investors were sent fake statements each month. Despite repeated warnings, for years the Securities and Exchange Commission failed to investigate warning signs of the massive fraud.

Read more: http://www.nbcnewyork.com/news/local-beat/FBI-Arrests-Another-Madoff-Executive-85344702.html

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What I'll never understand is why the lot of them weren't arrested for tax evasion, basted on the AmEx expenditures alone. It must be nice to commit crimes too big to prosecute.

[pleah]

1. K&R

[winyanstaz]

2. K & R

I hope to live long enough to see a big round-up of ALL the crooks that have trashed our Nation!
I won't hold my breath but I can dream :P

[eyeontheprize]

3. DO NOT

hold your breath.

[No Elephants]

4. These guys lived high for decades and probably socked away plenty. So, they finally got caught in,

their sixties and seventies. Big deal. They ruined so many lives for their greed.