Madoff financial officer expected to plead guilty

US federal prosecutors expect the former chief financial officer for disgraced financier Bernard Madoff to plead guilty to criminal…

US federal prosecutors expect the former chief financial officer for disgraced financier Bernard Madoff to plead guilty to criminal charges on Tuesday.

Frank DiPascali, long rumoured to be co-operating with authorities, agreed to enter the plea in federal court in Manhattan, prosecutors said in a letter to a judge. The charges were not specified.

Yesterday prosecutors filed a one-page notification with the court that they would charge DiPascali.

Such a filing usually means that there is a plea deal and that the defendant is co-operating.

AP