2014 readers choice results
Article updated: 11/9/2012 7:48 AM

Former Madoff employee pleads guilty in NY

text size: AAA
By Associated Press

NEW YORK -- A former controller for imprisoned Wall Street swindler Bernard Madoff has pleaded guilty to federal charges related to history's largest Ponzi scheme.

The U.S. attorney in Manhattan says Irwin Lipkin of Paramus, N.J., entered the plea Thursday.

Advertisement

The charges included conspiracy to commit securities fraud.

The prosecutor says Lipkin could get up to 10 years in prison.

He will be sentenced in March.

Madoff pleaded guilty in 2009 to stealing billions through a massive fraud. He's serving a 150-year prison sentence in Butner, N.C.

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Business Video
Area Business Calendar

BusinessDirectory

Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

Don't see your town listed? Visit our full directory to begin your search.

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity