COURT: SOUTHERN DISTRICT OF NEW YORK
AGE: 48
CONFIRMED: JUNE 2007
APPOINTED BY: BUSH
Judge Richard Sullivan took a tough stand when it came time to set bail for Bernie Madoff’s right-hand man at an August 2009 hearing. Frank DiPascali had pled guilty to 10 charges, including aiding and abetting, conspiracy, money laundering, perjury, income tax evasion, and several counts of fraud. But he had also cooperated extensively with prosecutors, who recommended that DiPascali be released on $2.5 million bail until his sentencing. Sullivan, however, said no. “In light of the fact for decades that he made false statements to people that entrusted him with their life savings, I am not going to trust him with his life savings,” the judge explained. “I am just hoping he shows up to court.” DiPascali (who at press time had yet to be sentenced) spent almost a year in jail before Sullivan agreed to free him on $10 million bail.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
