Accountant Who Helped Madoff Cover Up Scam Avoids Prison
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An accountant who helped Bernard Madoff fudge trading records to cover up fraudulent transactions in the biggest Ponzi scheme in U.S. history won’t be going to prison.
Paul Konigsberg, 79, told U.S. District Judge Laura Taylor Swain Thursday that he didn’t know that Madoff, whom he called “a monster,” was stealing client money and running what turned out to be a $17.5 billion scam. Konigsberg is the fifth person tied to Madoff to avoid prison this year after cooperating with prosecutors.