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Ponzi king Madoff paid nine billion dollars to pals before his arrest | Ponzi king Bernard Madoff has told fellow jailbirds that he secretly paid three of his close friends nine billion dollars before being nabbed by the police. The New York Post quoted Madoff as saying that his partner in crime Frank
DiPascali knows who the recipients are, and that he suspects DiPascali is using
that information to cut a better deal with the feds. Madoff is lodged in the medium-security
prison in Butner , North Carolina . DiPascali, 52, pleaded guilty last year to
10 felonies in connection with helping Madoff swindle investors out of over 60
billion dollars at his Manhattan financial firm. Madoff, 72, is serving a life
sentence, but DiPascali has reportedly been trying to avoid that fate by cooperating
with prosecutors. |
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