Five Cross-Examinations Times 40+ Witness Equals Six Months And Counting


The jurors considering the fate of Bernie Madoff’s co-Ponzi schemers/unwitting patsies are breaking their own record every day they fail to reach a verdict.

Six months and more than 40 witnesses later, the jury has the distinction of sitting on what is likely the longest white-collar criminal trial in the history of Manhattan federal court. The jury began its deliberations Monday afternoon.

The only other white-collar prosecution in the Southern District of New York to rival the case’s length is the prosecution of Adelphia Communications Corp. founder John Rigas and his son Timothy in 2004, according a spokesman for the Manhattan U.S. attorney’s office….

Data compiled by the federal court system show the vast majority of criminal cases in federal court last only a day. In 2012, the most recent data, 5,369 criminal trials were completed in one day, while 843 were completed in two. Nationwide, there were only 40 cases that lasted 20 days or longer in 2012.

Madoff Staff Trial Likely Sets Duration Record [WSJ Law Blog]


Bank Of America To Celebrate Only Being Liable For $40 Billion (And Counting!) Worth Of Countrywide Slip-Ups

A couple dozen more of these $1.27 billion wins and this whole thing might not look like the worst business deal in history after all!