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| Frank DiPascali Mug Shot |
Despite Bernie Madoff’s claim that he alone
perpetrated the roughly seventeen billion dollar ponzi scheme, the government
has pursued charges against a number of other individuals. After a five-year investigation, at the heart
of the prosecution’s case is a cooperating witness. In August 2009, Frank DiPascali, Madoff's
former Chief Financial Officer, pled guilty to ten counts of fraud, conspiracy,
and other charges, and admitted to the court, “I helped Bernie Madoff and other people carry out a fraud." In the ongoing case that began in October
against five former employees of Madoff’s financial firm, DiPascali is expected
to testify and provide key evidence in hope of reducing the length of the
prison sentence he will likely receive.
