Tags: US | Madoff | Scandal | Cooperator

Madoff's Ex-Finance Chief to Give up N.J. Home

Monday, 01 Feb 2010 11:34 PM

 

The man who served as Bernard Madoff's finance chief has agreed to give up his New Jersey home so it can be sold for the benefit of those cheated by his jailed former boss.

A document posted Monday in the file of Frank DiPascali showed that he and his wife have agreed to give up the home in Bridgewater, N.J., along with its appliances, electronics and furnishings. It will be sold by the government.

The 52-year-old DiPascali pleaded guilty in August to helping Madoff's multi-decade Ponzi scheme that cost thousands of people billions of dollars.

DiPascali has been cooperating with investigators probing who knew about the Ponzi scheme before Madoff revealed it in December 2008.

Madoff is serving a 150-year sentence.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Illegals Could Wait Until 2019 to Have Cases Resolved

Sunday, 01 Feb 2015 11:13 AM

Thousands of immigrants seeking legalization through the U.S. court system have had their hearings canceled and are bein . . .

'American Sniper' Sets Super Bowl Weekend Record

Sunday, 01 Feb 2015 12:37 PM

American Sniper is nearing the $250 million mark after picking up $31.8 million to set a new Super Bowl weekend record. . . .

California Suffers Dry January, Prolonging Devastating Drought

Sunday, 01 Feb 2015 10:40 AM

California has experienced one of the driest Januarys on record, and the lack of rain during a time of year when the wea . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved