Madoff Ex-CFO Accused by Lawyer of Lying in Guilty Plea
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Bernard Madoff’s ex-finance chief lied every day for 30 years and didn’t tell the truth even when pleading guilty to aiding the con man’s fraud, a defense lawyer said in the trial of five of the witness’s former colleagues.
The executive, Frank DiPascali, who admitted to aiding Madoff’s $17 billion Ponzi scheme, testified Dec. 2 in Manhattan federal court that he realized there was fake trading in the firm’s investment advisory business in the late 1970s, not long after he started at the company when he was 19.