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Ex Madoff executive gets 10 years' jail

A former Bernie Madoff executive has been jailed for 10 years for his part in the company's years-long multibillion-dollar fraud.

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Bernard Madoff's former director of operations for investments has been sentenced to 10 years in prison.

Sixty-seven-year-old Daniel Bonventre was sentenced on Monday in federal court in New York for his part in the company's years-long multi-billion-dollar fraud.

Four other defendants are expected to learn their fate in coming days.

The government has said they're the most culpable defendants after Madoff for a fraud that cost thousands of investors nearly $US20 billion ($A22 billion).

In court papers, the government said their crimes involved ongoing and systematic deception.

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For years, they repeatedly lied to investors, regulators, auditors and banks.

Madoff was arrested in December 2008. He is serving a 150-year prison sentence.


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