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An Insiders View into the 21st Century 'MAFIA'

Discussion in 'Business & Economics' started by ASPCA4EVER, Aug 12, 2009.


    ASPCA4EVER Well-Known Member

    Apr 9, 2009
    Likes Received:
    Land of the JAYHAWKS-ROCK CHOCK Jayhawk, KU
    Madoff's ex-CFO pleads guilty to 10 charges
    In rare move for white-collar case with a deal, judge sends DiPascali to jail
    updated 33 minutes ago
    NEW YORK - The former chief financial officer for Bernard Madoff pleaded guilty Tuesday to conspiracy, admitting to helping Madoff carry out a massive fraud that cost thousands of people billions of dollars by lying to investors and testifying falsely when it seemed the fraud might be discovered.
    "I was loyal to him. I ended up being loyal to a terrible, terrible fault," Frank DiPascali said as he pleaded guilty in U.S. District Court in Manhattan to charges including securities fraud, falsifying records and international money laundering.
    Afterward, U.S. District Judge Richard Sullivan surprised the defendant, prosecutors and a defense lawyer by ordering DiPascali jailed, a rarity for someone in a white-collar case who had pleaded guilty with a cooperation deal.
    No, sir, you don't get to return to your multi million dollar mansion, you are going straight to jail, don't pass go, don't collect $200. dollars. And the crowd goes wild, yea for the judicial system!

    SORRY SUCKER...you loose, bend over and smile big, your going to the 'big house tonight'!!!

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