Bernie Madoff's accountant Paul Konigsberg pleads guilty in Ponzi scheme
Konigsberg pleaded guilty to conspiracy and two counts of falsifying books and records
Wednesday 25 June 2014
A senior partner at a New York accounting firm has pleaded guilty to criminal charges in a co-operation deal with the government, admitting he played a part in Bernie Madoff’s “evil Ponzi scheme”.
Paul Konigsberg, 78, pleaded guilty in a federal court in Manhattan to conspiracy and two counts of falsifying books and records.
Konigsberg agreed to forfeit $4.4 million (£2.6 million) in cash and property. He will be sentenced later this year.
Prosecutors said he was the only person outside Madoff’s family to have owned a stake in Madoff’s firm before it was exposed in 2008 as a huge, decades-old fraud.
He held shares in Madoff Securities International Limited, Madoff’s London-based affiliate.
Madoff, who is now serving a 150-year prison sentence, admitted in 2009 that his claims to have managed up to $68 billion for investors were false because he had squandered or redistributed all but a few hundred million dollars of roughly $20 billion entrusted to him.
- 1 Stephen Fry explains what he would say if he was 'confronted by God'
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Ball pool for adults opens in London
- 5 Rashida Jones speaks out against male-centric porn saying 'women should have sex and feel good about it'
Stephen Fry explains what he would say if he was 'confronted by God'
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
Hard line on immigration could cost Tories the election
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...