Madoff payroll manager pleads guilty to involvement in Ponzi fraud

[JURIST] Eric Lipkin, payroll manager for Bernard L Madoff [JURIST news archive] Investment Securities LLC, pleaded guilty on Monday to six criminal counts [charges, PDF] in the US District Court for the Southern District of New York [official website] related to his involvement in a Ponzi scheme that defrauded investors of billions of dollars. Lipkin admitted [Guardian report] to falsifying documents to show nonexistent account holdings, adding fake employees to the company’s payroll and lying to get a loan. The…

By |2011-06-25T00:58:44+00:00June 25th, 2011|Uncategorized|Comments Off on Madoff payroll manager pleads guilty to involvement in Ponzi fraud