Ex-Madoff Employee Wasn’t Aware of Fraud, Lawyer Says

frankel-2010Bloomberg
Tamar Frankel, School of Law

A former employee of Bernard L. Madoff who started working for the convicted con man in the 1960s was part of the firm’s legitimate broker-dealer unit and didn’t know about the fraud at the investment advisory business, a lawyer told a jury…

Expert quote:

“Even if they were able to know, what was their access to the materials that would have suggested that something else was going on? Did they have enough information to put two and two together and come up with some suspicion about his investments?”

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