Under Madoff’s new bail package, he and his wife agree to surrender property they own in Montauk, New York, and Palm Beach, Florida, if Madoff flees, and Madoff agreed to a 7 p.m. curfew. The number of co-signers on his $10 million bond has been reduced by Gorenstein from four to two.
Besides talking to Madoff, prosecutors have also been scrutinizing the role of Frank DiPascali, a senior official in Madoff’s investment advisory firm, the person said. [Read more]
Who’s this fellow DiPascali? What are the chances Madoff acted alone? Slim and none, perhaps.
New Info on Frank Dipascali:
Besides talking with Madoff, who met with federal prosecutors yesterday, authorities are scrutinizing the role of Frank DiPascali, a senior official in Madoff’s investment advisory firm, according to people familiar with the case. [From Bloomberg]
From Bloomberg.com: Worldwide. Madoff’s Bail Hearing Postponed; Wife Ordered to Give Passport.
A bail hearing for Bernard Madoff, charged last week in a $50 billion fraud, has been postponed for a second time in as many days, according to the Manhattan U.S. Attorney’s office. No explanation was given.
Sounds like this Madoff madness is getting crazier. What’s with the wife’s passport? Are they trying to run?
“Aim for Answers”