Former Madoff workers convicted of fraud


A jury has convicted five former Bernard Madoff employees for their roles in the disgraced financier's multibillion-dollar Ponzi scheme.

The five were convicted on all the charges made, including securities fraud and conspiracy to defraud clients.

The members of the group, which comprises Madoff's back-office director, portfolio managers and computer programmers, face up to 20 years in prison. Sentencing is due in July.

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