{"id":7266,"date":"2010-11-18T11:17:33","date_gmt":"2010-11-18T16:17:33","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=7266"},"modified":"2011-01-04T12:29:54","modified_gmt":"2011-01-04T17:29:54","slug":"ex-madoff-employees-arrested","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/11\/18\/ex-madoff-employees-arrested\/","title":{"rendered":"Ex-Madoff employees arrested"},"content":{"rendered":"<p>Two former employees of Bernard Madoff <a title=\"have been arrested\" href=\"http:\/\/www.bloomberg.com\/news\/2010-11-18\/former-madoff-executives-crupi-bongiorno-placed-under-arrest-fbi-reports.html\" target=\"_blank\">have been arrested <\/a>and charged with securities fraud in connection with Madoff&#8217;s Ponzi scheme to defraud investors of billions of dollars. Law professor <a title=\"Tamar Frankel\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/full-time\/frankel_t.html\" target=\"_blank\">Tamar Frankel<\/a>, an authority on securities law and author of <a title=\"&quot;Trust and Honesty: America's Business Culture at a Crossroads,&quot;\" href=\"http:\/\/www.oup.com\/us\/catalog\/general\/subject\/Finance\/Corporate\/?view=usa&amp;ci=019517173X\" target=\"_blank\">&#8220;Trust and Honesty: America&#8217;s Business Culture at a Crossroads,&#8221;<\/a> says a massive fraud like this cannot be done without help.<\/p>\n<blockquote><p>&#8220;Helpers should know that they become part of a fraudulent scheme even if they do not know all the details.<\/p><\/blockquote>\n<blockquote><p>&#8220;Their remuneration, for example, may give signals that what is going on is not entirely legal &#8212; in this case, suspicious enough to raise liability as helpers.<\/p><\/blockquote>\n<blockquote><p>&#8220;But helpers must be involved in the scheme. The cleaners of an office in which fraud is committed are not criminally liable.&#8221;<\/p><\/blockquote>\n<p>Contact Tamar Frankel, 617-353-3773, <a href=\"mailto:tfrankel@bu.edu\">tfrankel@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two former employees of Bernard Madoff have been arrested and charged with securities fraud in connection with Madoff&#8217;s Ponzi scheme to defraud investors of billions of dollars. Law professor Tamar Frankel, an authority on securities law and author of &#8220;Trust and Honesty: America&#8217;s Business Culture at a Crossroads,&#8221; says a massive fraud like this cannot [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[1333,1372,2308,1965],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/7266"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=7266"}],"version-history":[{"count":8,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/7266\/revisions"}],"predecessor-version":[{"id":7452,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/7266\/revisions\/7452"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=7266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=7266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=7266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}