Huffpost New York

Frank DiPascali, Madoff's Ex-Finance Chief, To Give Up Bridgewater, NJ Home

Posted: Updated:
Print

NEW YORK — The man who served as Bernard Madoff's finance chief has agreed to give up his New Jersey home so it can be sold for the benefit of those cheated by his jailed former boss.

A document posted Monday in the file of Frank DiPascali showed that he and his wife have agreed to give up the home in Bridgewater, N.J., along with its appliances, electronics and furnishings. It will be sold by the government.

The 52-year-old DiPascali pleaded guilty in August to helping Madoff's multi-decade Ponzi scheme that cost thousands of people billions of dollars.

DiPascali has been cooperating with investigators probing who knew about the Ponzi scheme before Madoff revealed it in December 2008.

Madoff is serving a 150-year sentence.

Around the Web

Frank DiPascali - The New York Times

Ex-Madoff Finance Chief Frank DiPascali Pleads Guilty (Update2 ...

A Year Later, Only Madoff and DiPascali Are Behind Bars - ABC News

Madoff Aide DiPascali Agrees To Forfeit Home, Personal Property