Friday, June 3, 2011

The Madoff Saga Continued: Employee Lipkin to Plead Guilty to Bank Fraud, Faking Books


It’s not over until …it’s over. Former Bernard Madoff employee Eric Lipkin will plead guilty to federal criminal charges including falsifying books and records of a broker-dealer and bank fraud.

Lipkin will plead guilty to six separate crimes, Assistant Manhattan U.S. Attorneys Lisa Baroni and Julian Moore said in a letter to U.S. District Judge Laura Taylor Swain, who is presiding over the case. Lipkin is set to plead on June 6, Baroni said.
In addition to two counts of falsifying records and one count of bank fraud, Lipkin will also plead guilty to two counts of conspiracy and one count of making a false statement. He faces as long as 70 years in prison....

Find out more at:
http://www.bloomberg.com/news/2011-06-02/former-madoff-employee-eric-lipkin-to-plead-guilty-u-s-prosecutors-say.html

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