Business

Former Madoff worker pleads guilty in scheme

NEW YORK — A former controller for imprisoned Wall Street swindler Bernard Madoff has pleaded guilty to federal charges related to history’s largest Ponzi scheme.

The US attorney in Manhattan said Irwin Lipkin of Paramus, N.J., entered the plea Thursday.

The charges included conspiracy to commit securities fraud.

Advertisement

The prosecutor said Lipkin could get up to 10 years in prison.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

He will be sentenced in March.

Madoff pleaded guilty in 2009 to stealing billions through a massive fraud.

He is serving a 150-year prison sentence in Butner, N.C.

Associated Press