A federal jury in New York convicted five associates of Bernie Madoff on multiple fraud counts as reported by The New York Times:
"These convictions, along with the prior guilty pleas of nine other defendants, demonstrate what we have believed from the earliest stages of the investigation: This largest-ever Ponzi scheme could not have been the work of one person," said Preet Bharara, the United States attorney in Manhattan, whose office brought the case.
Madoff's biggest mistake was not so much the underlying crime but his targeted victims which included high-profile names from the ruling class. After all, hell hath no fury like an aggrieved one-percenter, and of course the full force of the law came after Madoff once his scheme was exposed. The unfortunate reality is that law enforcement exists largely just to serve the powerful and protect the rich, and there are countless fraud schemes against the little people which essentially are ignored.