Executive accused in Madoff scam pleads guilty

Executive accused in Madoff scam pleads guilty

Credit: Getty Images

NEW YORK - MARCH 10: Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City. Madoff attended a hearing regarding the conflicting status of his legal representation in his multi-billion dollar fraud allegations. His lawyer, Ira Sorkin, has told a judge his client is expected to plead guilty to 11 counts including money laundering, perjury and securities, mail and wire fraud. (Photo by Chris Hondros/Getty Images) *** Local Caption *** Bernard Madoff

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by ASSOCIATED PRESS

khou.com

Posted on June 24, 2014 at 11:58 AM

NEW YORK (AP) - A senior partner at a New York accounting firm who was accused of aiding financier Bernard Madoff (MAY'-dawf) in his epic fraud has pleaded guilty to conspiracy.
   
The accounting firm executive, Paul Konigsberg, also pleaded guilty to two counts of falsifying books and records Tuesday in a cooperation deal with the government.
   
Prosecutors say he is the only person outside the Madoff family to have held an ownership interest in Madoff's private investment business.
   
The 78-year-old Konigsberg tells the court he was not aware of Madoff's "horrific and evil Ponzi scheme."
   
Madoff is serving a 150-year prison sentence after admitting his fraud in 2009.

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