19 Facts About Frank DiPascali

Frank DiPascali referred to himself as the company's "director of options trading" and as "chief financial officer".

Frank DiPascali subsequently admitted that he had known for at least two decades that Madoff had turned his investment advisory business into a massive Ponzi scheme.

Frank DiPascali was denied bail before sentencing and spent ten months in jail before being released.

Frank DiPascali died of lung cancer in 2015 while awaiting sentencing.

Frank DiPascali graduated from Archbishop Molloy High School in Queens, New York, in 1974, and joined Madoff's firm in 1975, ultimately rising to be CFO.

Frank DiPascali died from lung cancer on May 7,2015, at the age of 58, while awaiting sentencing.

Frank DiPascali started at Madoff's investment-advisory business at age 18 in 1975, and eventually oversaw the company's day-to-day operations.

Frank DiPascali became the director of options in 1986, and CFO in 1996.

Frank DiPascali was the person many of Madoff's investors dealt with regarding their accounts.

Frank DiPascali told investigators that on December 3,2008, Madoff told him that he was finished.

Frank DiPascali directed DiPascali to use the remaining balance to cash out the accounts of relatives and favored investors.

Frank DiPascali recounted how he, Madoff, and "other people" manipulated account statements, leading clients to believe that they were creating wealth for them.

Frank DiPascali faced a maximum sentence of 125 years in federal prison.

Prosecutors sought bail for Frank DiPascali, but Sullivan remanded him to custody, saying he was a potential flight risk.

At a bail hearing on October 28,2009, Sullivan deferred a decision pending more information, though he added that he still had reason to believe Frank DiPascali might flee to avoid the prospect of dying in prison.

Frank DiPascali was finally able to post bond on June 22,2010; he was then released on house arrest and required to wear an ankle monitor.

Frank DiPascali was represented by attorney Marc Mukasey, a son of former US Attorney General Michael Mukasey.

Mukasey said that while Frank DiPascali was indeed guilty, he had long believed that Madoff would be able to repay his clients.

Frank DiPascali's sentencing was delayed for almost six years while he cooperated with prosecutors.