Policy: Law

Attorneys wrap up arguments in Madoff worker trial

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News,Business,Crime,Law,Bernie Madoff

NEW YORK (AP) — Lawyers have made their final arguments to jurors in the first criminal trial to result from Bernard Madoff's epic fraud.

Summations wrapped up Friday in the trial of five former Madoff employees. A judge still needs to give lengthy legal instructions, so deliberations now look likely to start Monday.

Jurors will have to weigh whether the workers were Madoff's conspirators or his dupes.

Madoff has said he acted alone in cheating thousands of investors out of nearly $20 billion in a decades-long Ponzi scheme. But federal prosecutors say five back-office subordinates gave him vital help in weaving his financial fiction.

The defendants say they, like Madoff's investors, were fooled by a master at deceit.

Madoff pleaded guilty and is serving a 150-year prison sentence.

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