Frank DiPascali is the former chief deputy of Bernard Madoff. He's now set to face charges of conspiracy, securities fraud, investment adviser fraud, mail fraud, wire fraud and international money laundering related to his participation in Madoff's massive Ponzi scheme.From an article at Bloomberg: Frank DiPascali, the finance chief at Bernard Madoff’s investment advisory business, is being charged with 10 crimes related to his boss’s $65 billion Ponzi scheme and is cooperating with U.S...Read Full Story
Via Fortune According to a person familiar with the matter, DiPascali has no evidence that other Madoff family members were participants in the fraud. However, he is prepared to testify that he manipulated phony returns on behalf of some key Madoff investors, including Frank Avellino, who used to run a so-called feeder fund; Jeffry Picower, whose foundation had to close as a result of Madoff-related losses; and others. If, for example, one of these special customers had large gains on...Read Full Story
Frank DiPascali is the former chief deputy of Bernard Madoff. Find more Frank DiPascali news and information here.