Ex-Madoff CFO expected to plead guilty in NYC

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August 11, 2009 20:07

The former chief financial officer for Bernard Madoff is expected to plead guilty to conspiracy and other charges, prosecutors said on Tuesday. Frank DiPascali is expected to appear in Manhattan federal court later in the day. Madoff is serving 150 years in prison for a pyramid scheme that demolished thousands of people's life savings, wrecked charities and shook confidence in the financial system. Customers have described DiPascali as their main contact with Madoff's firm.


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