Ponzi

Madoff's Right-hand Man to Come Clean

Bernard Madoff plead guilty in large part, it was speculated, to avoid giving up details about his Ponzi scheme. These details, however, may have found a new outlet: Frank DiPascali, Madoff’s chief deputy, Frank DiPascali, ran the floor in the Madoff headquarters where the scheme originated and now, according to Fortune, DiPascali “is willing to name names. … According to a person familiar with the matter, DiPascali has no evidence that other Madoff family members were participants in the fraud. However, he is prepared to testify that he manipulated phony returns on behalf of some key Madoff investors"