Ex-Madoff Controller Pleads Guilty To Cooking Books

Law360, New York (November 8, 2012, 9:15 PM EST) -- Irwin Lipkin, the first outside employee Bernard Madoff hired to work at his investment firm, pled guilty Thursday to falsifying accounting and stock records while working as controller, but said he never knew Madoff was running a Ponzi scheme.

Lipkin, 74, pled guilty in New York federal court to a count of conspiracy and a count of falsifying employment records while at Bernard L. Madoff Investment Securities LLC, admitting that for years he had helped Madoff doctor the firm's profit-and-loss figures and records of its stock...
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