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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: Frank DiPascali

Frank DiPascali stories: 3 news summaries

(Newser) - Investigators see yesterday's guilty plea of Bernard Madoff's right-hand man as a major breakthrough in their efforts to untangle the elaborate Ponzi scheme, BusinessWeek reports. Frank DiPascali, chief financial officer at Madoff's firm, has promised to cooperate with prosecutors and is expected to name other people involved in the scam... More »

MORE ABOUT:
Ponzi scheme • securities fraud • witness • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities • Frank DiPascali

Madoff Aide Pleads Guilty, Will Help Prosecutors

DiPascali will get
time off his 125 years

Aug 11, 09 5:44 PM CDT
(Newser) - Bernie Madoff's right-hand man pleaded guilty to a slew of fraud charges today and agreed to help prosecutors unravel how the multi-billion-dollar Ponzi scheme worked, the Wall Street Journal reports. In return, Frank DiPascali, 52, will get time shaved off his potential sentence of 125 years. DiPascali began working for... More »

MORE ABOUT:
fraud • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Frank DiPascali

(Newser) - Bernie Madoff's chief deputy is ready to talk, Fortune reports. Frank DiPascali is working out a deal with federal prosecutors in which he’ll name names and give details of how the massive Ponzi scheme operated. Among the surprises: No Madoff family members will be implicated, at least by DiPascali.... More »

MORE ABOUT:
fraud • Ponzi scheme • Bernard Madoff • Frank DiPascali

3 Stories


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