Madoff Has $9B Secret Stash: Fellow Inmate
Former partner knows where it is, may cut deal
By Evann Gastaldo,  Newser Staff
Posted Jun 21, 2010 10:55 AM CDT
In this Jan. 14, 2009 file photo, Bernard L. Madoff leaves Federal Court in New York.   (AP Photo/Stuart Ramson, file)
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(Newser) – Bernie Madoff has a secret stash, and his partner in crime knows where it is. The Ponzi schemer has told fellow federal prisoners he funneled $9 billion to three people—“I think it was personal friends,” the source tells the New York Post—and he suspects Frank DiPascali is using his knowledge of the recipients to make a deal with prosecutors.

DiPascali pleaded guilty to helping Madoff last year and is currently in prison until he can post $10 million bond. He’s cooperating with prosecutors to avoid a life sentence, the Post reports. The inmate goes on to detail other parts of Madoff’s life, including wife Ruth’s attempt to start over: “She's bought a regular car. She's looking to do charity work.”

 

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