Word: madoff
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...after the Civil War, restrictions imposed in the 1920s and '30s have curtailed prison labor. These days, prisoners' jobs are more likely to consist of making license plates or doing laundry. Not exactly fulfilling gigs, but cushy enough, comparatively, that some people might be hankering for guys like Bernie Madoff to get a taste of Pyongyang justice instead...
...could potentially be an extremely pivotal person in this play," says David Bernfeld of Bernfeld, DeMatteo & Bernfeld LLC, who represents about a dozen Madoff victims...
Until now, Madoff, who was sentenced to 150 years in prison, has steadfastly insisted he acted alone in the scheme and refused to point the finger of blame at anyone else. Madoff's brother and sons, who worked under the same roof, as well as his wife Ruth, have come under intense scrutiny during the probe but have not been charged with any wrongdoing. Madoff's outside accountant, David Friehling, is the only other person to be formally charged in the seven-month investigation until now. He pleaded not guilty to fraud charges...
However, DiPascali is viewed as a major linchpin in the case, having worked alongside Madoff for 33 years, where he supervised the taking and tracking of client orders. He described himself as director of options-trading, even though no actual trading took place during the Ponzi scheme. Some experts speculate that DiPascali is cooperating in exchange for leniency...
...pictures of the demise of Bernard Madoff...