Bloomberg reports:
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.
U.S. prosecutors said the charges against DiPascali, 52, include conspiracy, securities fraud, investment adviser fraud, mail fraud, wire fraud, and international money laundering. DiPascali is scheduled to plead guilty today in federal court in Manhattan. He is also being charged with perjury, tax evasion, investment adviser fraud, falsifying books and records of a broker dealer and falsifying books and records of an investment adviser, according to a court filing.
The breakdown of the charges – which include federal income tax evasion and ”international money laundering to promote specified unlawful activity” – is here. The charges carry a total of 125 years in prison.
Related links:
Charges prepared for Madoff lieutenant – FT