Madoff's right hand man dies before sentencing

Bernie Madoff

Frank DiPascali, Bernard Madoff’s right hand man for 30 years as Madoff orchestrated the his epic Ponzi scheme, died late last week before he could be sentenced for his role in what was likely the largest financial fraud in history.

Fox Business reports that he was 58 and the cause was cancer, according to a statement released by his lawyer.

DiPascali and a handful of other top staffers at Bernard L. Madoff Investment Securities were arrested shortly after their boss was turned in to the FBI by his sons in December 2008. But after years of helping Madoff shield his fraud from clients, regulators and auditors, DiPascali pleaded guilty, flipped and testified against his former co-workers.

To access the complete Fox Business article hit the link below:

Madoff 'Right Hand Man' DiPascali Dead at 58

Cyberattacks Represent Top Risk, SEC Chief Says

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts