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White Collar Co-Conspirator Pleads Guilty In Boston-Created Ponzi Scheme

By Altman & Altman

Today, the Boston Criminal Lawyer Blog returns to a subject that dominated headlines for much of the early months of the year. This would be the Bernard Madoff nightmare and his infamous Ponzi scheme. As you will recall, we learned that the Ponzi scheme was originated here in Boston and many of Madoff?s victims indeed lived here in the Commonwealth. Yesterday, in a New York courtroom, a gentleman by the name of Frank DiPascali, 52, (hereinafter, the ?Defendant?) proved all of us who claimed that Madoff could not have acted alone right?thereby exposing Madoff to be, among other things, a liar. Now, that?s a surprise, isn?t it? The Defendant pleaded guilty to conspiracy, securities fraud and eight other charges Tuesday as part of a cooperation deal in which he's expected to help prosecutors target other suspects in the massive embezzlement scam.continue to full post

Full post as published by Boston Criminal lawyer Blog on August 12, 2009 (boomark / email).