Final Madoff Defendant Sentenced to 6 Months in Prison
The last defendant charged in the Bernard Madoff Ponzi scheme was sentenced to six months in prison.
Irwin Lipkin, who pleaded guilty to faking records while comptroller for Madoff’s firm, was sentenced Wednesday in federal court in Manhattan, The Associated Press reported.
Lipkin, 77, cited health problems in pleading to be spared jail time, according to Bloomberg. He began working for Madoff in 1964 and was the first non-family member to be hired there.
He is one of 15 defendants to either plead guilty or be convicted at trial for participating in the multibillion-dollar scheme, whose victims included major Jewish institutions such as Yeshiva University and the Gift of Life Foundation.
Madoff has been in prison since 2009, where he is serving a 150-year sentence.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.
If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.
— Rachel Fishman Feddersen, Publisher and CEO