In 1964, Irwin Lipkin became one of the first employees at a small New York trading firm called Bernard L. Madoff Investment Securities.
Reuters reports that five decades later, Lipkin, 77, is set to be sentenced on Wednesday in Manhattan federal court for falsifying records, marking the end of the criminal case stemming from the collapse of Madoff's multibillion-dollar Ponzi scheme more than six years ago.
Lipkin is the last of 15 people who either pleaded guilty or were convicted at trial in connection with the fraud, which cost investors approximately $17bn in principal.
Madoff, 77, who is serving a 150-year sentence after pleading guilty in 2009 to masterminding the fraud, has always insisted he acted alone.
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