A former trader at Bernard Madoff Investment Securities is expected to plead guilty next week to defrauding Madoff’s customers by helping falsify records and fake trades starting in the early 1970s, federal prosecutors said in a letter Wednesday. David Kugel, a former supervisory trader in the proprietary trading operations at Madoff’s investment fund, will appear in Manhattan federal court on Monday, according to a letter sent to U.S. District Judge Laura Taylor Swain. Read Reuters report here.
