Madoff’s $17B fraud began in 1970s, witness says in testimony against former colleagues
By EsqSocial Corporation 02/12/13
As testimony rolls on in the first criminal trial concerning Bernard L. Madoff's massive $17 billion Ponzi scheme, at least one high-level ex-employee is saying that the fake trades on which his Manhattan investment firm was built dated back to the 1970s. For more than a decade, officials have said,…