Former Madoff Executive Gets 10 Years in Prison - NBC New York

Former Madoff Executive Gets 10 Years in Prison



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    Daniel Bonventre, former director of operations for disgraced financier Bernard Madoff, is escorted out of court.

    Bernard Madoff's former director of operations for investments has been sentenced to 10 years in prison and ordered to forfeit $155 billion.

    Sixty-seven-year-old Daniel Bonventre was sentenced Monday in federal court in New York for his part in the company's yearslong multibillion-dollar fraud.

    Four other defendants are expected to learn their fate in coming days.

    The government has said they're the most culpable defendants after Madoff for a fraud that cost thousands of investors nearly $20 billion.

    In court papers, the government said their crimes involved ongoing and systematic deception. For years, they repeatedly lied to investors, regulators, auditors and banks.

    Madoff was arrested in December 2008. He is serving a 150-year prison sentence. 

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