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Madoff’s #2 is Squawking
April 26, 2009 by David Feldman · Leave a Comment
Frank DiPascali was Bernie Madoff’s loyal right hand man for many years. I’m sure old Bernie assumed he would remain loyal through the investigations. Turns out he was wrong. DiPascali is now singing to authorities about all the bad stuff that went on, according to CBS News. Apparently he got nervous when Madoff’s accountant David Friehling was arrested last month. Supposedly Friehling is also busy cutting a deal.
CBS reports that DiPascali may not have incriminating information about Madoff’s brother and sons, but will be able to tell much about the criminal operation, including how they created phony brokerage statements. And the wall continues to crack around Bernie. Next shoe to drop, according to CBS, are the funds that invested with Bernie.
