Sep 25, 2013 5:25 PM by Associated Press

Trial won't show Madoff workers' lavish lifestyle

NEW YORK (AP) - A New York judge says she won't let the government use the lavish lifestyle of former employees of jailed financier Bernard Madoff (MAY'-dawf) against them at their upcoming criminal trial.

Judge Laura Taylor Swain made the ruling Wednesday during a pretrial hearing for five of Madoff's former employees. They are scheduled to go to trial early next month on charges that they assisted Madoff in carrying out his multibillion-dollar Ponzi scheme. Investors lost nearly $20 billion that they had invested with Madoff over several decades.

Madoff was arrested in 2008 and later pleaded guilty to fraud charges. He is serving a 150-year prison sentence in Butler, N.C.

Six others have pleaded guilty in the case, including Madoff's chief financial officer, who is expected to testify at the Oct. 7 trial.


Most Popular

Top Videos

1 2 3 4