Madoff Lieutenant Says Business Was Long Crooked

Law360, New York (December 2, 2013, 6:52 PM EST) -- A former member of Bernard Madoff's inner circle testified Monday that he long knew the infamous money manager's business was not legitimate, saying that several Madoff employees now on trial were in on it.

Frank DiPascali, a one-time errand boy who became one of Madoff's closest associates, told jurors that fake trading had gone at Bernard L. Madoff Investment Securities LLC for "as long as [he] could remember."

"It was virtually impossible not to know what was happening," he said.

Prosecutors are trying five of DiPascali's...
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