Ex-Madoff Employee Tells Jury of ‘Cut And Paste’ Trades
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An ex-employee of Bernard Madoff on trial for allegedly aiding his $17 billion fraud oversaw backdating of trades for account statements that sometimes featured “cut and paste” data, a former assistant told a jury.
Annette Bongiorno, who worked for Madoff for 40 years, would request trade dates and prices as much as a year old be used on account statements to reach pre-determined profit goals for customers, and cut out trade data to be taped onto some statements, Winnie Jackson, the defendant’s former assistant, testified yesterday in federal court in Manhattan.