Frank DiPascali, the finance chief at Bernard Madoff’s investment advisory business, pleaded guilty to helping his boss carry out a $65 billion Ponzi scheme. DiPascali pleaded guilty to 10 counts, including conspiracy, fraud and money laundering. DiPascali has been cooperating with prosecutors, explaining how he and others helped Madoff defraud investors by using money from … Read more »
Tag: DiPascali
DiPascali to Plead Guilty as Madoff’s Accomplice
Frank DiPascali, the finance chief at Bernard Madoff’s investment advisory business, is being charged with 10 crimes related to his boss’s $65 billion Ponzi scheme. Nobody thinks Madoff was acting alone in his scheme. They already arrested Madoff’s auditor, David G. Friehling. U.S. Attorney Lev Dassin posted the charges today in a one- page filing … Read more »