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Ex-Madoff manager sentenced to six years prison for fraud
Source: Reuters
Ex-Madoff manager sentenced to six years prison for fraud
BY NATE RAYMOND
NEW YORK Mon Dec 15, 2014 7:46pm EST
(Reuters) - A former manager at Bernard Madoff's firm was sentenced to six years in prison on Monday for helping her now imprisoned boss carry out his multibillion dollar Ponzi scheme.
JoAnn Crupi, 53, was the last of five former Madoff employees to be sentenced after a Manhattan federal jury found them guilty in March in the first criminal trial over Madoff's decades-long fraud, which collapsed in 2008.
U.S. District Judge Laura Taylor Swain also ordered Crupi, who worked in Madoff's investment advisory business for 25 years, to forfeit a symbolic $33.9 billion jointly with other defendants who worked at Bernard L. Madoff Investment Securities LLC.
Swain said at sentencing that Crupi served as the "reassuring voice of Madoff Securities," enabling the "devastating effects" of the crime.
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BY NATE RAYMOND
NEW YORK Mon Dec 15, 2014 7:46pm EST
(Reuters) - A former manager at Bernard Madoff's firm was sentenced to six years in prison on Monday for helping her now imprisoned boss carry out his multibillion dollar Ponzi scheme.
JoAnn Crupi, 53, was the last of five former Madoff employees to be sentenced after a Manhattan federal jury found them guilty in March in the first criminal trial over Madoff's decades-long fraud, which collapsed in 2008.
U.S. District Judge Laura Taylor Swain also ordered Crupi, who worked in Madoff's investment advisory business for 25 years, to forfeit a symbolic $33.9 billion jointly with other defendants who worked at Bernard L. Madoff Investment Securities LLC.
Swain said at sentencing that Crupi served as the "reassuring voice of Madoff Securities," enabling the "devastating effects" of the crime.
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Read more: http://www.reuters.com/article/2014/12/16/us-madoff-workers-sentencing-idUSKBN0JT2GD20141216
