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Madoff Henchman Rats
Out Co-Workers

Daily Beast, by Allan Dodds Frank

Original Article

Posted By:Pluperfect, 12/3/2013 12:04:48 PM

Frank DiPascali, a 33-year employee of the firm that ran the largest Ponzi scheme in recent history, took to the stand to testify against his former colleagues. Frank DiPascali, the Bernie Madoff henchman who won the role as the star witness in the biggest fraud case in American history, torched five of his former colleagues with his testimony Monday in federal court. Perhaps more important, DiPascali is the first witness to demolish the myth that Bernard Madoff ever had a legitimate investment advisory business. The star witness also pulverized Madoff’s assertion that he had acted alone in constructing the biggest

      


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Reply 1 - Posted by: HPmatt, 12/3/2013 12:32:54 PM     (No. 9638438)

What do you mean ´rats out´. You mean someone stands up and tells the truth on CRIMINAL SWINDLERS that stole BILLIONS of dollars from WIDOWS, ORPHANS, CHARITIES.

Of course these folks were so greedy they didn´t heed the old adage - pigs get fat but hogs get slaughtered. The investment returns were too big to be real - caveat emptor.

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Reply 2 - Posted by: StormCnter, 12/3/2013 12:36:45 PM     (No. 9638444)

It´s pretty interesting to see the whole story coming out. Weren´t we told that no one in the offices, except maybe the head accountant, knew anything at all about this? Turns out staff members were faking documents and placing them in the refrigerator to cool them off so the outside auditor wouldn´t realize they were fresh off the copy machine.

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Reply 3 - Posted by: zephyrgirl, 12/3/2013 12:38:41 PM     (No. 9638448)

There is no way Madoff could have pulled it off by himself - he had to have help. Maybe his sons didn´t help him, but someone did. Sounds like Frank is more truthful than Bernie.

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Reply 4 - Posted by: KTWO, 12/3/2013 1:14:43 PM     (No. 9638500)

SWAG - from me, not him.

1) DiPascali is already convicted, pleaded guilty, and is yet to be sentenced.

2) If he is lying now he is not smart enough to chew gum when he is not walking. He would get a mzximum sentence. appeals would be useless.

3) At least one of the defendents will switch and plead guilty within hours.



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Reply 5 - Posted by: MisterDickens, 12/3/2013 1:48:22 PM     (No. 9638548)

I wonder what life is like for Bernie these days. Do you suppose you ever get over the sick feeling in your stomach when you realize you are never going home again?

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Reply 6 - Posted by: StormCnter, 12/3/2013 2:25:38 PM     (No. 9638596)

...and that you were the cause of your son´s suicide.

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