Ex-Madoff Controller Pleads Guilty To Falsifying Books

Law360, New York (December 19, 2011, 5:47 PM EST) -- Enrica Cotellessa-Pitz, the former controller for Bernard L. Madoff, pled guilty Monday to charges that she falsified books and submitted false statements to the U.S. Securities and Exchange Commission while he ran his Ponzi scheme.

Pitz, who in 1978 began working part time for Bernard L. Madoff Investment Securities LLC while still in college, admitted that she had since 1999 falsified books and misdirected regulators, wrongdoing that helped Madoff's epic-scale scheme avoid detection. She is now cooperating with the government as it pursues cases against other...
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