NEW YORK (AP) — A New York judge says she won't let the government use the lavish lifestyle of former employees of jailed financier Bernard Madoff (MAY'-dawf) against them at their upcoming criminal trial.
Judge Laura Taylor Swain made the ruling Wednesday during a pretrial hearing for five of Madoff's former employees. They are scheduled to go to trial early next month on charges that they assisted Madoff in carrying out his multibillion-dollar Ponzi scheme. Investors lost nearly $20 billion that they had invested with Madoff over several decades.
Madoff was arrested in 2008 and later pleaded guilty to fraud charges. He is serving a 150-year prison sentence in Butner, N.C.
Six others have pleaded guilty in the case, including Madoff's chief financial officer, who is expected to testify at the Oct. 7 trial.