Frank DiPascali Jr., who pleaded guilty to helping Bernard Madoff carry out the biggest Ponzi scheme ever, told FBI agents that employees asked him if the business was a “scam” before the world learned the truth.
DiPascali, who pleaded guilty to 10 criminal charges and is cooperating with the US, gave extensive interviews to FBI agents as part of the probe. Two former computer programmers at the firm, Jerome O’Hara and George Perez, socialized and questioned ex-CFO DiPascali about the legitimacy of Bernard L. Madoff Investment Securities LLC during a dinner in 2006, DiPascali told the agents.
“DiPascali lied and told them the stocks were being held in the books as a liability,” the agents wrote.