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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

  • Correction: BC-US--Madoff Fraud-Trial story

      News Source: Boston Herald | 26 days 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
  • Convicting 5, jury nixes Madoff claim he was alone

      News Source: The Bellingham Herald | 27 days ago
    Imprisoned financier Bernard Madoff's claim that he carried out a nearly $20 billion fraud by himself has been firmly rejected by a jury that convicted five of his former top employees of all charges that they aided his crimes. The verdict Monday in
  • 5 ex-Madoff employees convicted in case's first trial

      News Source: Fox | 27 days ago
    Five former employees of imprisoned financier Bernard Madoff were convicted of conspiracy Monday to cap a six-month trial in which they were accused of enriching themselves while telling an elaborate web of lies to hide a fraud that cheated investors

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