The Zero Balance Account That Brought Down Madoff's Empire
A zero-balance account named after a yacht funneled millions, revealing a financial fraud sustained by paperwork and confidence. How did it go unnoticed for years?
The Zero Balance Account That Brought Down Madoff's Empire
This episode explores the story of Frank DiPascali Jr., a key figure in one of history's largest financial frauds. It delves into his journey from a Queens neighborhood to the heart of the Madoff investment scheme and the personal cost of his involvement.
Person: Frank DiPascali Jr.
Date: August 11, 2009
Location: Midtown Manhattan
Status: Pleaded guilty to ten federal…
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