Madoff Controller Irwin Lipkin to Plead Guilty, U.S. Says

Irwin Lipkin, the former controller for Bernard Madoff’s defunct investment firm, is expected to plead guilty to charges of conspiracy and making false statements, the U.S. said.

Lipkin is scheduled to enter a plea at a hearing in Manhattan federal court tomorrow, prosecutors in the office of U.S. Attorney Preet Bharara told a federal judge in a letter yesterday.

He will be the ninth former Madoff employee to plead guilty to criminal charges. His lawyer, David Richman, didn’t immediately return a phone call seeking comment on the letter.

In June, Peter Madoff pleaded guilty to enabling his brother to commit the biggest Ponzi scheme in U.S. history. Bernard Madoff, who was arrested in December 2008, pleaded guilty and is serving a 150-year sentence in federal prison in North Carolina.

The case is U.S. v. Madoff, 10-cr-00228, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporter on this story: Bob Van Voris in Manhattan federal court at rvanvoris@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

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