Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

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

(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.”

In this Jan. 14, 2009 file photo, Bernard L. Madoff leaves Federal Court in New York.
In this Jan. 14, 2009 file photo, Bernard L. Madoff leaves Federal Court in New York.   (AP Photo/Stuart Ramson, file)
In this April 6, 2009 file photo, Ruth Madoff is escorted by private security as she leaves the Metropolitan Correctional Center after visiting husband Bernard Madoff in New York.
In this April 6, 2009 file photo, Ruth Madoff is escorted by private security as she leaves the Metropolitan Correctional Center after visiting husband Bernard Madoff in New York.   (AP Photo/Mary Altaffer, File)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
8%
23%
6%
1%
1%
61%
To report an error on this story, notify our editors.
COMMENTS
Showing 3 of 9 comments
yukonchuck06
Jun 22, 2010 1:52 AM CDT
I think it's funny. FUCK THE RICH. Mostly b/c I'm not one of them but also that greedy motherfuckers who ONLY wanted more money to sit above the working-class got cheated. Except Kevin Bacon I'm related to him I think...
BlueAyez
Jun 21, 2010 8:28 PM CDT
It doesn't matter now he's a lifer. I can hear those 3 people saying "Sucka!"
AnnieChrist
Jun 21, 2010 1:59 PM CDT
How is it she can buy any kind of car? Every dime she and madoff had should have been seized, along with every dime she might ever have in the future.
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne