Tags: US | Madoff | Scandal | Cooperator

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

Tuesday, 22 Jun 2010 02:26 PM

 


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, 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.


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