Madoff Five Face September Sentencing U.S. Assails Denial

Five former aides to Bernard Madoff who prosecutors said have shown a “galling” lack of remorse since being convicted of fraud were set to be sentenced next week for propelling the biggest Ponzi scheme in U.S. history.

The three men and two women, who worked for Madoff for decades, deserve “significantly harsher” terms than the eight to 20 years recommended by the U.S. Probation Office, the government said in court filings this month. The defendants seek leniency, arguing jurors were misled by overzealous prosecutors.