Recent events
2015-05-07
Other facts
SECONDARY
Died May 7, 2015 of lung cancer while still awaiting sentencing — never formally sentenced.
2015-05-07
Other facts
PRIMARY
DiPascali died of lung cancer on May 7, 2015 at age 58, before being sentenced. His sentencing had been postponed from June to September 2015.
2013-12-05
Other facts
PRIMARY
DiPascali testified that he and Madoff fabricated all trading, using historical stock data to create fake trade blotters, and that a specific computer named 'House 17' was used to simulate phantom trading.
2013-10-15
Other facts
PRIMARY
He testified extensively as the government's star witness at the five-month trial of five former Madoff employees in U.S. v. Bonventre et al. (10-cr-228, SDNY), spending multiple weeks on the stand.
2013-10-15
Other facts
SECONDARY
Cooperated extensively with federal prosecutors against other BLMIS personnel; testified at the 2013–2014 trial of five former BLMIS employees in U.S. v. Bonventre et al. (12-CR-152, SDNY).
2010-06-22
Transactions
PRIMARY
He was released on bail on June 22, 2010 after posting a $10 million bond secured by nine friends and relatives, placed under house arrest with electronic monitoring.
2010-06-18
Transactions
PRIMARY
DiPascali and his wife Joanne forfeited all family assets except $300,000, including their Bridgewater, NJ home, a 61-foot Viking yacht, three Mercedes, watches, jewelry, and a Jet Ski.
2009-08-11
Transactions
PRIMARY
In his allocution, DiPascali admitted his salary and bonuses exceeded $2 million annually and that he withdrew over $5 million from a sham account named after his yacht.
2009-08-11
Transactions
PRIMARY
DiPascali admitted in his plea allocution that he had known for at least two decades that Madoff's investment advisory business was a Ponzi scheme.
2009-08-11
Other facts
SECONDARY
Pleaded guilty August 11, 2009 to ten felonies including conspiracy, securities fraud, falsifying records, mail fraud, wire fraud, perjury, and tax evasion.
2009-08-11
Transactions
PRIMARY
He pleaded guilty on August 11, 2009 to ten felony counts: conspiracy, securities fraud, investment advisor fraud, mail fraud, wire fraud, perjury, income tax evasion, international money laundering, falsifying books…
2009-08-11
Other facts
PRIMARY
His guilty plea was the first public confirmation that the Madoff fraud was a conspiracy involving multiple people, not solely Madoff.
2009-08-11
Other facts
PRIMARY
Judge Richard J. Sullivan denied DiPascali bail immediately after the guilty plea, stating he was 'reluctant to put my trust in Mr. DiPascali.'
2009-08-11
Transactions
PRIMARY
DiPascali faced a maximum sentence of 125 years in prison and a symbolic $170.25 billion forfeiture judgment.
2009-08-11
Other facts
PRIMARY
The SEC complaint, filed simultaneously with his guilty plea, detailed that DiPascali helped generate bogus annual returns of 10-17% by fabricating backdated trades and preparing fake DTC reports.
2006-06-15
Transactions
PRIMARY
DiPascali perjured himself by giving false, voluntary testimony under oath in 2006 during the SEC's investigation of Madoff's investment firm.
2002-06-15
Transactions
SECONDARY
He established an account at Madoff's firm around 2002 in the name of his fishing yacht 'Dorothy Jo' without contributing money, then withdrew over $5 million.
1986-06-15
Transactions
PRIMARY
He became Director of Options Trading in 1986 and CFO in 1996, overseeing the day-to-day operations of Madoff's investment advisory business on the 17th floor.
1975-06-15
Transactions
PRIMARY
DiPascali began working for Bernard L. Madoff Investment Securities in 1975 at age 18, recruited by his neighbor Annette Bongiorno, Madoff's longtime assistant.
1956-10-28
Other facts
PRIMARY
Frank DiPascali Jr. was born on October 28, 1956 in Queens, New York, and graduated from Archbishop Molloy High School in 1974.
