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’How to break the law, a guide by Bernard Madoff
Convicted mega-Ponzi schemer Bernard Madoff’s assertions that he acted alone appear to be much like the returns he offered his investors: a complete fiction.
Consider the allegations made by the US Securities and Exchange Commission in its civil complaint against Madoff’s deputy,
How much money did JPMorgan make on Madoff?
Included in the SEC’s civil complaint against Frank DiPascali, a key figure in Bernard Madoff’s mega Ponzi, was an allegation that BMIS maintained a sizable “slush fund” at JPMorgan.
As the FT reported earlier this month:
Madoff deputy DiPascali will “tell all” (updated)
So much for Bernard Madoff’s claim that he acted alone. ABC News reported on Tuesday that Frank DiPascali, Madoff’s finance chief, will “tell all and name names” under the terms of his plea deal with prosecutors:
Madoff’s deputy facing 10 criminal charges
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,