Irwin Lipkin, the former controller of Bernard L. Madoff Investment Securities LLC, pleaded guilty Nov. 8 in the U.S. District Court for the Southern District of New York to conspiracy, false statements, and other charges, prosecutors announced (United States v. Lipkin).
In a release, U.S. Attorney Preet Bharara said Lipkin faces up to 10 years in prison and substantial money penalties.
“As only the third employee of BLMIS, Irwin Lipkin had a long history with Bernie Madoff, and he proved himself to be a loyal foot soldier—consistently and repeatedly breaking the law at his boss’s behest, and leaving ...
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