Plea Spares Madoff CFO Drug, Gun, Tax Charges

Law360, New York (August 13, 2009, 5:57 PM EDT) -- The former chief financial officer at Bernard L. Madoff Investment Securities LLC avoided charges of deceiving federal investigators, possessing unregistered firearms and illegal drug use when he admitted to a raft of criminal charges centering on his role in the multibillion-dollar investment rip-off.

Frank DiPascali Jr. pled guilty in a criminal information in the U.S. District Court for the Southern District of New York on Tuesday, admitting to charges including conspiracy, securities fraud, investment adviser fraud and falsifying records.

The agreement not to prosecute DiPascali on...
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