Categories

Madoff aide shredded records while SEC probed

The ex-financial chief for Ponzi scheme architect Bernard Madoff admitted Wednesday that he continued to destroy incriminating records even as federal investigators swarmed the financier’s Manhattan headquarters five years ago. Frank DiPascali, the star prosecution witness against five former Madoff co-workers, testified that he shredded documents in a 17th floor office while investigators from the Securities and Exchange Commission and other agencies questioned other employees in a conference room one flight above. More in USA Today here.

Share This Page:
  • email
  • Facebook
  • Twitter
  • LinkedIn