Madoff Inner Circle Loses Appeal of Ponzi Scheme Convictions
- Five associates appealed over claims jury was race-baited
- Terms are 2 1/2 to 10 years, less than time sought by U.S.
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Bernard Madoff’s former inner circle is running out of options.
A federal appeals court in New York on Wednesday upheld the fraud convictions of five of his former aides, leaving the Supreme Court as their last hope for reversal based in part on claims of racial bias by a black prosecutor.