NEW YORK — The first ex-employee of Bernard Madoff to
testify at the New York trial of five former Madoff employees says he rarely
questioned his former boss as the money rolled in.
David Kugel (KOO-goal) testified over several days last week
about working for Madoff since the 1970s.
He told a Manhattan jury he created
phony trades to make it seem Madoff was investing the billions of dollars he
took in from thousands of clients.
Kugel was the first of a string of witnesses the government
is counting on to link the fraud to Madoff's former secretary and four others
on trial.
The 75-year-old Madoff is serving a 150-year prison sentence
for the massive fraud. The trial resumes Tuesday.
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