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Frank DiPascali

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Frank DiPascali's Biography

Frank DiPascali, Jr. (born October 28, 1956) worked for Bernard L. Madoff Investment Securities LLC for 33 years and was a key lieutenant of Bernard Madoff. He referred to himself as "director of options trading" and as "chief financial officer". On August 11, 2009, he pled guilty to ten counts related to the Madoff investment scandal. He was denied bail before sentencing and immediately jailed. He has been represented by attorney Marc Mukasey, a son of former U.S. Attorney General Michael Mukasey. Mukasey said that while Mr. DiPascali was “1,000 percent guilty”, he had believed—before the Ponzi scheme collapsed—that Madoff could somehow repay his clients.

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Frank DiPascali(C) in court in Augsut 2009
Frank DiPascali(C) in court in Augsut 2009
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Frank DiPascali News Stories

  • Prosecutors, defense spar over $150 billion forfeiture for Madoff aides

      News Source: Turks and Caicos Free Press | 2 days ago
    Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial's key question: What did they know, and when did they know it?
  • Lawsuit: Madoff sons knew of fraud, deleted emails

      News Source: Seattle Post Intelligencer | 16 days ago
    The trustee trying to recover money for victims of Bernard Madoff says in a new lawsuit that Madoff's two sons knew of the Ponzi scheme and sought to cover up the fraud by deleting emails during a Securities and Exchange Commission probe. The lawsuit
  • Correction: BC-US--Madoff Fraud-Trial story

      News Source: Boston Herald | 4 months ago
    In a story March 24 about the convictions of five former employees for imprisoned financier Bernard Madoff, The Associated Press misspelled the last name of the attorney for defendant Annette Bongiorno...AP) Five former employees of imprisoned

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