Feds: Madoff financial exec to plead guilty in NY (AP)

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Old Aug 8th, 2009, 02:20 AM   #1
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Default Feds: Madoff financial exec to plead guilty in NY (AP)

AP - Federal prosecutors expect the former chief financial officer for disgraced financier Bernard Madoff to plead guilty Tuesday to criminal charges.

Frank DiPascali, long rumored to be cooperating with authorities, agreed to enter the plea in federal court in Manhattan, prosecutors said Friday in a letter to a judge. The charges were not specified.

A phone call to DiPascali's attorney, Marc Mukasey, was referred to a law firm spokeswoman who declined to comment.

Earlier Friday, prosecutors filed a one-page notification with the court that they would charge DiPascali. Such a filing usually means that there's a plea deal and that the defendant is cooperating.

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