Tuesday, November 13, 2012
FORMER MADOFF CONTROLLER PLEADS GUILTY
WSJ - When Bernard Madoff was arrested on December 12,
2008, he stated nobody else was involved in or guilty of his giant Ponzie scheme
of $billions. On November 8, 2012 - nearly 4 years after Madoff's arrest - the
ninth employee of BLMIS,LLC, former controller Mr. Irwin Lipkin, pleaded guilty
to criminal charges and will be sentenced March 22, 2013. Mr. Lipkin started
with BLMIS in 1964 when it was a 2-man outfit and was employed by BLMIS until
1998. He has stated, "at no time prior to my departure was I aware of any Ponzie scheme" ( in spite of being controller for 44 years??). He also has
stated he signed "myriad documents" he knew to be false. His guilty plea
included forfeiture of $170 billion, the same amount both Mr. Madoff and chief
officer Mr. Frank DiPascali agreed to forfeit. The Madoff Saga goes on and on!!
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