Bernie Madoff’s CFO, Frank DiPascali, is in court this morning pleading out. The feds have had eight months to squeeze this guy dry and, while Bernie may have chosen to clam up and take the rap, there’s no chance DiPascali’s done that – he’s talked, guaranteed. How do I know this? Because if he hadn’t, the prosecuters wouldn’t be accepting his plea.
It’s not just the Noels who must be spending a nervous day today, but Andy, Mark, and everyone who gave Bernie other people’s money in exchange for a fee.