Daniel Bonventre arrested, find the latest news aupdate about Daniel Bonventre arrested. Now check this out. The former operations director for Bernard Madoff Investment Securities was arrested Thursday to face conspiracy, securities fraud and tax charges.
Daniel Bonventre, 63, was arrested at his Manhattan home, said FBI spokesman James Margolin. Bonventre was expected to appear in federal court later in the day. Prosecutors said that, with Bonventre’s knowledge, hundreds of millions of dollars were siphoned out of accounts belonging to Madoff’s clients and used to support other aspects of his business. In some cases, Madoff’s company used client money as collateral to obtain loans. Read the rest of this entry »

