Madoff Aide Gets a Sentencing Break for Not Being Madoff
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One of Bernard Madoff’s longest-serving employees was sentenced to 10 years behind bars for helping run a $17.5 billion fraud, with the judge giving Daniel Bonventre a break for not being as bad as his former boss. Prosecutors had sought a sentence of more than 20 years.
Bonventre, 67, ran Madoff’s broker-dealer unit for almost 40 years after being hired in the 1960s. He’s the first of five former Madoff aides to be sentenced, following their conviction in March. The other four are scheduled to learn their fate in the coming days.