Five former Madoff employees to stand trial

That is the message that prosecutors will pound home today as five of Bernard Madoff’s long-time employees go on trial accused of enabling his $65bn Ponzi scheme.

Madoff pleaded guilty in 2009 to defrauding investors at Bernard L Madoff Investment Securities LLC, which imploded in late 2008. He is serving a 150-year sentence.

Madoff said he acted alone, but prosecutors have since charged 15 of his associates.