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Five Ex-Madoff Employees Lose on Appeal

SEC Reuters

A U.S. appeals court on Wednesday upheld the convictions of five former employees of Bernard Madoff's firm who prosecutors said helped their boss conceal his multibillion-dollar Ponzi scheme for years.

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The 2nd U.S. Circuit Court of Appeals in New York upheld the 2014 trial convictions of back-office director Daniel Bonventre, portfolio managers Annette Bongiorno and Joann Crupi, and computer programmers Jerome O'Hara and George Perez.

(Reporting by Nate Raymond in New York; Editing by Chizu Nomiyama)

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