Defense lawyers skewer Madoff in fraud trial - Fox 2 News Headlines

Defense lawyers skewer Madoff in fraud trial

Posted: Updated:
Bernard Madoff (DOJ photo) Bernard Madoff (DOJ photo)
By LARRY NEUMEISTER
Associated Press

NEW YORK (AP) - Lawyers for five people charged with fraud in New York have many things to say about their former employer, Bernard Madoff - mostly bad.

The lawyers spoke Thursday to jurors hearing the first criminal trial to result from the 5-year-old revelation of Madoff's historic fraud.

They said Madoff was too secretive and manipulative to let employees in on his crimes. The lawyers said their clients knew nothing of a fraud that cost thousands of investors billions of dollars.

They called Madoff a Wall Street icon, a control freak, a great liar, a genius manipulator, and private and secretive.

Defendants include Madoff's longtime secretary, his director of operations, an account manager and two computer programmers. A prosecutor says they were crucial to the fraud.

After a break Friday, testimony will begin Monday.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Manhattan NewsManhattan NewsMore>>

  • Helmsley Building lights up in gold

    Going gold for pediatric cancer research

    Going gold for pediatric cancer research

    Wednesday, August 20 2014 9:22 PM EDT2014-08-21 01:22:24 GMT
    The Helmsley Building in Manhattan went gold Wednesday night in honor of children with cancer. The owners also plan to do the same in September for Pediatric Cancer Awareness Month.Other city landmarks that will go gold next month include Times Square, the Coney Island Parachute jump, and all of Bay Ridge, Brooklyn.
    The Helmsley Building in Manhattan went gold Wednesday night in honor of children with cancer. The owners also plan to do the same in September for Pediatric Cancer Awareness Month.Other city landmarks that will go gold next month include Times Square, the Coney Island Parachute jump, and all of Bay Ridge, Brooklyn.
  • Bed bug infestation at money firm PIMCO, report says

    Bed bug infestation at money firm PIMCO, report says

    Wednesday, August 20 2014 6:55 PM EDT2014-08-20 22:55:02 GMT
    A big money management firm in New York City has been hit with a major infestation of bed bugs, according to Fox Business Network. Stock traders who do business with Pacific Investment Management Co., better known as PIMCO, told Fox Business' Charles Gasparino that hundreds of people have been relocated from one of the firm's buildings in New York City to an undisclosed upstate location after reports of widespread bed bug bites among executives and employees.
    A big money management firm in New York City has been hit with a major infestation of bed bugs, according to Fox Business Network. Stock traders who do business with Pacific Investment Management Co., better known as PIMCO, told Fox Business' Charles Gasparino that hundreds of people have been relocated from one of the firm's buildings in New York City to an undisclosed upstate location after reports of widespread bed bug bites among executives and employees.
  • Five Guys offers bacon milkshakes

    Five Guys offers bacon milkshakes

    Wednesday, August 20 2014 6:47 PM EDT2014-08-20 22:47:08 GMT
    Burger chain Five Guys is testing the adage that everything tastes better with bacon. It is rolling out a customizable milkshake program and along with bananas, peanut butter, Oreo cookies, salted caramel, you can chose bacon.  Yes that's right: a bacon milkshake.
    Burger chain Five Guys is testing the adage that everything tastes better with bacon. It is rolling out a customizable milkshake program and along with bananas, peanut butter, Oreo cookies, salted caramel, you can chose bacon.  Yes that's right: a bacon milkshake.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices