Bail was set at $10 million Thursday for Bernard Madoff's ex-finance chief, who has been imprisoned since he pleaded guilty six months ago and cooperated with the government's investigation. Judge Richard Sullivan also required Frank DiPascali and his wife to forfeit all family assets except for an amount of less than $300,000 to be mutually agreed upon. Sullivan twice before rejected requests for DiPascali's freedom, calling his role in Madoff's fraud "crucial" and saying his potential sentence was "astronomical."
Bail Set at $10 Million for Madoff's Former Finance Chief
The Associated Press
February 16, 2010