Madoff aide's wife to keep $178G out of $6M
In the days after Bernard Madoff was arrested in a Ponzi scheme of historic proportions, he presented himself as an austere financier. Here he leaves federal court in Manhattan. (Jan. 14, 2009) Credit: Getty Images
The government says the wife of Bernie Madoff's right-hand man can keep $178,000 after the family gave up millions of dollars in assets.
Documents filed by federal prosecutors Thursday show that most of Frank DiPascali's family assets have been surrendered to the government after he pleaded guilty in August.
The government estimates the worth of those assets at more than $6 million. It says the sale of three cars and a yacht alone totaled nearly $1 million.
DiPascali was the former chief aide to Madoff, the convicted Wall Street swindler. Prosecutors say he has provided "substantial assistance" to investigators.
They say they will urge leniency when he is sentenced for crimes including securities fraud and money laundering.
Labor Day weekend travel forecast NewsdayTV's Ken Buffa spoke with Robert Sinclair Jr., senior manager of public affairs for AAA Northeast, about some of the best and worst times to travel during the holiday weekend.
Labor Day weekend travel forecast NewsdayTV's Ken Buffa spoke with Robert Sinclair Jr., senior manager of public affairs for AAA Northeast, about some of the best and worst times to travel during the holiday weekend.
