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.
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