Friday, July 25, 2014

FBI agent tells of Madoff's arrest at NY trial

October 21. 2013 12:37PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) An FBI agent has kicked off testimony in the New York trial of five of Bernard Madoff's ex-employees by describing Madoff's arrest.

Agent Theodore Cacioppi (KAH'-choh-pee) testified Monday.

He was watching television at home on Dec. 10, 2008, when his supervisor contacted him. The supervisor told him that the FBI had developed information that Madoff might be running the biggest Ponzi scheme in history. He and other agents interviewed Madoff the next morning for an hour before arresting him.

Months of testimony are expected at the Manhattan fraud trial. Opening statements were last week.

The ex-workers are accused of helping Madoff cheat thousands of investors out of billions of dollars. Their attorneys say they were duped just like Madoff's clients.

Madoff is serving a 150-year prison sentence.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds