Frank DiPascali, Madoff's CFO, Pleading Guilty to Criminal Charges

By Joel Zand on August 11, 2009 | Last updated on December 07, 2021

Update: Frank DiPascali, Bernard Madoff's former Chief Finance Officer, pleaded guilty to ten felony counts detailed in 47-pages of criminal charges. Read more here. (8:24 p.m. EST) -------

Frank DiPascali, the former CFO for convicted Ponzi scheme investment manager Bernard 'Bernie' Madoff's company, Bernard L. Madoff Investment Securities, LLC, is expected to plead guilty today to ten criminal counts in the investment debacle.

According to a filing by the U.S. Attorney for the Southern District of New York, DiPascali's charges will include the following:

    1. Criminal Conspiracy
    2. Securities Fraud
    3. Investment Adviser Fraud
    4. Falsifying Books and Records of a Broker Dealer
    5. Falsifying Books and Records of an Investment Adviser
    6. Mail Fraud
    7. Wire Fraud
    8. International Money Laundering to Promote Specified Unlawful Activity
    9. Perjury
    10. Federal Income Tax Evasion

DePascali is represented by Marc Mukasey, a former Assistant U.S. Attorney in the Southern District of New York, and the son of former U.S. Attorney General Michael Mukasey.

Will he serve time in the same prison as his ex-boss?

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