Tags: US | Madoff | Scandal | Cooperator

Madoff's Ex-Finance Chief Released On Bail in NYC

Tuesday, 22 Jun 2010 02:24 PM

 

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The former finance chief for jailed financier Bernard Madoff has been released on $10 million bail.

Frank DiPascali left federal court in Manhattan on Tuesday without speaking after meeting the terms of a bail package that a judge had set in February.

DiPascali pleaded guilty in August to helping with Madoff's multi-decade Ponzi scheme, which cost thousands of people billions of dollars. Madoff is serving a 150-year prison term.

DiPascali walked in front of his lawyer, Marc Mukasey (myoo-KAY'-zee), as he left the courthouse.

Mukasey has said DiPascali has provided substantial information to the government. He says the information contributed to the arrests of two computer programmers and Madoff's longtime auditor.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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