The Ticker

Five ex-Madoff aides 
guilty of Ponzi scheme

Five former aides to Bernard Madoff who spent decades working for his firm were found guilty of helping run the biggest Ponzi scheme in U.S. history, a 
$17.5 billion fraud exposed by the 2008 financial crisis.

The three men and two women, hired by Madoff with little or no financial experience, were convicted on all counts. The defendants failed to convince a federal jury in Manhattan they were ignorant of the fraud while being part of the inner circle at his New York-based firm.
 The defendants are Annette Bongiorno, who ran the investment advisory unit at the center of the fraud; Joann Crupi, who managed large accounts; Daniel Bonventre, the ex-operations chief of Madoff's broker-dealer; and computer programmers George Perez and Jerome O'Hara, accused of automating the scam as it grew rapidly in the 1990s.

GrubHub eyes $148 million through IPO

Investors will soon be able to order shares of GrubHub for roughly the price of one of the online food delivery service's meals.

The Chicago-based company filed for an initial public offering in February but announced the terms of the deal yesterday. GrubHub plans to raise $148 million through the sale of 7 million shares, priced between $20 and $22. This figure is up from the $100 million proposed in the company's S-1 filing.

The company, founded in 1992, creates contracts with restaurants, primarily located in large metropolitan areas, to facilitate food orders for both pickup and delivery. As of Dec. 31, GrubHub provides services for almost 29,000 restaurants and processes 135,000 daily orders on average.

Today

 Standard & Poor's releases S&P/Case-Shiller index of home prices for January.

 Commerce Department releases new home sales for February.

 Conference Board releases the Consumer Confidence Index for March.

TOMORROW

 Commerce Department releases durable goods for February.

THE SHUFFLE

Timberline Construction Corp. of Canton has announced that Marc Cooperstein has joined the team as vice president and project executive.

And Bud Fraumeni recently joined the company as director of business development.

Cooperstein will be responsible for overseeing all aspects of each project's delivery and construction.

Fraumeni will focus his efforts on building existing and new client relationships for Timberline in the retail, restaurant, hospitality and multi-unit markets in the Northeast.

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