U.S. prosecutors dropped their bid to boost the prison terms for five of Bernard Madoff’s ex-employees, who received “merciful” sentences after being convicted of aiding his $17.5 billion fraud.
The sentences for the group, Madoff’s top aides, ranged from 2 1/2 years to 10 years, less than half the time sought by the U.S. In a notice filed Monday in federal appeals court in New York, the government didn’t explain why it was abandoning its effort. The U.S. Attorney’s Office in Manhattan declined to comment.
via Madoff Aides Won’t Face Longer Terms as U.S. Drops Appeal – Bloomberg Business
