Madoff Trial Deliberations Resume After Sick Juror Dismissed

Mar 21 2014 | 10:28am ET

One of the jurors considering the fate of five former Bernard Madoff lieutenants has been dismissed after falling ill.

The undisclosed ailment had already delayed deliberations, which began Monday, by two days. U.S. District Judge Laura Taylor Swain and attorneys for both sides agreed to proceed with just 11 jurors, rather than recall an alternate juror, which would require the panel to restart deliberations.

The trial of the five former Madoff employees—Daniel Bonventre, Annette Bongiorno, Joann Crupi, Jerome O’Hara and George Perez—is already believed to be the longest in the history of Manhattan federal court. The five are accused of aiding and abetting Madoff’s $65 billion Ponzi scheme.

Deliberations resumed this morning.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.