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| Madoff deputy DiPascali released |
| By reuters.com |
| Published: 11/17/2009 |
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NEW YORK, Nov 17 (Reuters) - Frank DiPascali, a former top deputy to imprisoned Ponzi schemer Bernard Madoff, has been released from prison after having been denied two prior bail requests, according to the Federal Bureau of Prisons' website. DiPascali was released on Nov. 12, the website said, three months and a day after he pleaded guilty to 10 criminal charges related to Madoff's estimated $65 billion fraud. That release came a day before prosecutors charged two former programmers for Bernard L. Madoff Investment Securities LLC, Jerome O'Hara and George Perez, with designing computer codes to falsify records, and taking hush money to keep the fraud going. Lawyers for DiPascali, and the U.S. attorney's office in Manhattan were not immediately available for comment. While he faced the prospect of spending the rest of his life in prison, DiPascali agreed to cooperate with prosecutors in exchange for possible leniency. Read More. |
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