Bernie Madoff’s Inner Circle Exactly 18% As Culpable As He Is

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To mark the sixth anniversary of Bernie Madoff’s perp walk, five of his closest aides got the worst Christmas presents of their lives: between two-and-a-half and 10 years in prison for dummying up statements, looking the other way, and playing catch with a bunch of files that the SEC wanted to have a look at.

The scoreboard shows Madoff ops. chief Daniel Bonventre going up the river for a decade for his stellar 40-year career, vertically-challenged former secretary Annette Bongiorno for six and computer programmers and diamond collectors George Perez and Jerome O’Hara for two-and-a-half each. So the last of the five, portfolio manager Joann Crupi, probably had a pretty good idea of what was coming to her yesterday, and what came was six years in the pokey.

Crupi’s punishment, like those of her co-defendants, was less than what U.S. probation officials recommended, 14 years, and the even longer term the government had sought. U.S. District Judge Laura Taylor Swain in Manhattan, who presided over the case, has cited the fundamental responsibility of Madoff, rather than his aides, as a key reason for leniency….

Ex-Madoff Aide Gets 6 Year Term For Aiding Ponzi Scheme [Bloomberg]

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