For many Americans, Christmas-to-New Year’s week is a time for family and friends. For Bernard Madoff finance director Frank DiPascali, it was time to add phony trading gains or losses to year-end account reports for his Ponzi scheme boss’s investment clients and workers. Testifying Thursday in the conspiracy and fraud trial of five former Madoff co-workers, DiPascali said he performed the year-end financial sleight-of-hand for approximately 15 years. Beneficiaries included Ed and Richard Glantz, Steven Mendelow and Joel Levy — large investment clients who DiPascali said Madoff had guaranteed 17% annual gains, plus large bonus payments. More on USA Today here.
