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Dec 15, 2014 5:26 PM

Ex-Madoff account manager sentenced to 6 years

The Associated Press

NEW YORK (AP) A former account manager for Bernard Madoff has been sentenced to six years in prison for helping him carry out a $20 billion fraud.

JoAnn Crupi (KROO'-pee) learned her fate Monday in Manhattan federal court. She was one of five people convicted in March of helping Madoff carry out the Ponzi scheme. The others were sentenced last week to prison terms ranging from 2 years to 10 years.

Prosecutors say Crupi and a co-defendant used old stock tables to fabricate records that kept the Securities and Exchange Commission in the dark.

The government says the defendants rewarded themselves with tens of millions of dollars in salaries and bonuses. It says Crupi got a $2.5 million beach house as the scheme was falling apart.

Madoff is serving a 150-year prison sentence.


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