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Bernie Madoff’s colleagues going on trial

Ponzi scheme fraudster Bernard Madoff claimed he alone orchestrated his $65bn scam – starting tomorrow US prosecutors aim to prove that was another lie.

Jury selection starts Tuesday in the case against five of the convicted fraudster’s closest colleagues – all of whom have pleaded not guilty to aiding and abetting Madoff in his scheme.

The charges include conspiracy to defraud, securities fraud and falsifying records of a broker-dealer. Madoff is currently serving a 150-year sentence after pleading guilty to fraud following the collapse of his Bernard L Madoff Investment Securities in 2008.

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