Madoff Lieutenant Describes Ploy to Outwit Auditor

A top lieutenant to Bernard L. Madoff explained in detailed, often colorful testimony the lengths required to maintain the firm’s massive Ponzi scheme, including one incident in which the staff put fake trading records into a refrigerator so an auditor wouldn’t be able to tell they were still warm from having just been printed. In his first day on the stand, Frank DiPascali Jr., 57 years old, described that madcap day about two decades ago when an auditor demanded to see daily trading logs. More in the Wall Street Journal here.

SourcedFrom Sourced from: Network For Investor Action & Protection

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