News, analysis and personal reflections on the markets & the financial sector

Thursday, February 25, 2010

Ex-operations director of Madoff Securities, Daniel Bonventre, arrested




The director of operations for Bernard L. Madoff Investment Securities was arrested Thursday morning for his role in defrauding investors out of tens billions of dollars in wealth.

Daniel Bonventre was arrested on a criminal complaint charging him with securities fraud, falsifying books and filing false statements with the Securities and Exchange Commission and the Internal Revenue Service. The falsification of accounts was chronicled in Securities Industry News in November.

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