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.
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.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
