The Securities and Exchange Commission has charged one of Bernard Madoff's key operatives with falsifying accounting records to enable the multi-billion-dollar Ponzi scheme and illegally enrich himself, Madoff, and Madoff’s family and employees.

According to the SEC’s complaint, filed in U.S. District Court for the Southern District of New York, Madoff director of operations Daniel Bonventre disguised Madoff’s fraud and the financial losses at Madoff’s firm by misusing and improperly recording investor money to create the false appearance of legitimate income.

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