SEC v. Bonventure

SEC complaint agains Madoff employee Daniel Bonventure


The SEC alleges that Bonventre disguised Madoff’s multi-billion dollar fraud by misusing and improperly recording investor money to create the appearance of legitimate income. The SEC claims that Bonventre helped Madoff and others lie to investors and regulators when BMIS came under review.

According to the complaint, Bonventre and others made misrepresentations to the SEC by manufacturing false reports and data. The SEC also alleges that Bonventre directed fake backdated trades from investors into his personal account at BMSI. As a result, he made an estimated $1.9 million in illicit profits.

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Reference Info:Pleadings | Federal, 2nd Circuit, New York | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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