Defense lawyers skewer Madoff in fraud trial - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Defense lawyers skewer Madoff in fraud trial

Posted: Updated:
Bernard Madoff (DOJ photo) Bernard Madoff (DOJ photo)
By LARRY NEUMEISTER
Associated Press

NEW YORK (AP) - Lawyers for five people charged with fraud in New York have many things to say about their former employer, Bernard Madoff - mostly bad.

The lawyers spoke Thursday to jurors hearing the first criminal trial to result from the 5-year-old revelation of Madoff's historic fraud.

They said Madoff was too secretive and manipulative to let employees in on his crimes. The lawyers said their clients knew nothing of a fraud that cost thousands of investors billions of dollars.

They called Madoff a Wall Street icon, a control freak, a great liar, a genius manipulator, and private and secretive.

Defendants include Madoff's longtime secretary, his director of operations, an account manager and two computer programmers. A prosecutor says they were crucial to the fraud.

After a break Friday, testimony will begin Monday.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Manhattan NewsManhattan NewsMore>>

  • NYC Council bill to make kids' fast food healthier

    NYC Council bill to make kids' fast food healthier

    Thursday, August 21 2014 12:09 PM EDT2014-08-21 16:09:22 GMT
    Happy Meals might soon need to get healthier.  A New York City councilman is introducing legislation that would set stricter nutritional standards for meals served with toys.
    Happy Meals might soon need to get healthier.  A New York City councilman is introducing legislation that would set stricter nutritional standards for meals served with toys.
  • Chokehold attacker targeting victims in Central Park

    Chokehold attacker targeting victims in Central Park

    Thursday, August 21 2014 11:33 AM EDT2014-08-21 15:33:53 GMT
    The NYPD is looking for a tall, violent thug who is attacking victims in Central Park and dragging them to the ground with chokeholds.The latest attack happened about 12:40 a.m. on Wednesday. Police say the 6' 5" attacker started a conversation with a 47-year-old man in the area of 74th St. and East Drive. He then put the victim in a chokehold, dropped him to the ground and stole his bag.
    The NYPD is looking for a tall, violent thug who is attacking victims in Central Park and dragging them to the ground with chokeholds.The latest attack happened about 12:40 a.m. on Wednesday. Police say the 6' 5" attacker started a conversation with a 47-year-old man in the area of 74th St. and East Drive. He then put the victim in a chokehold, dropped him to the ground and stole his bag.
  • Vandal splashes red substance at NYC museum

    Vandal splashes red substance on NYC museum wall

    Thursday, August 21 2014 11:14 AM EDT2014-08-21 15:14:21 GMT
    A vandal has splashed a red substance on a wall at New York City's Whitney Museum of American Art.
    A vandal has splashed a red substance on a wall inside New York City's Whitney Museum of American Art.
Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices