Madoff's CFO Pleads Guilty

RIGHT HAND MAN

Updated Apr. 25, 2017 2:06PM EDT / Published Aug. 11, 2009 5:55PM EDT

Christine Cornell / Newscom

Frank DiPascali, Bernie Madoff's finance chief, pleaded guilty Tuesday to numerous charges related to helping facilitate one of the largest financial swindles in history. Speaking before the judge, DiPascali said he "was loyal to a terrible, terrible fault." DiPascali worked on the infamous 17th floor where Madoff's Ponzi scheme was orchestrated, and admitted to "using a stock program to look up the historical prices of stocks to create false statements" CNN reports. "I don't know how I went from an 18-year-old kid who happened to have a job to standing in front of you today," DiPascali said. He faces up to 125 years in prison.

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Madoff's CFO Pleads Guilty

Christine Cornell / Newscom