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NY judge nixes lavish lifestyle proof from trial

September 25, 2013
Associated Press

NEW YORK (AP) — A New York judge says she won't let the government use the lavish lifestyle of former employees of jailed financier Bernard Madoff against them at their upcoming criminal trial.

Judge Laura Taylor Swain made the ruling Wednesday during a pre-trial hearing for five of Madoff's former employees. They are scheduled to go to trial early next month on charges that they assisted Madoff in carrying out a multibillion-dollar Ponzi scheme. Investors lost nearly $20 billion that they had invested with Madoff over several decades.

Madoff was arrested in 2008 and later pleaded guilty to fraud charges. He is serving a 150-year prison sentence in Butler, N.C. Six others have pleaded guilty in the case, including Madoff's chief financial officer, who is expected to testify at the Oct. 7 trial.

 
 

 

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