NEW YORK (CBSNewYork/AP) – The prosecution’s star witness in the fraud trial of five of Bernard Madoff’s former employees took the stand again Wednesday.
As WCBS 880’s Irene Cornell reported, Frank DiPascali described the tangled web of deceit woven by Madoff as he juggled investors’ money and tried to keep investigators away.
DiPascali testified that ego and adrenaline ran high around Madoff and the operation of his elaborate Ponzi scheme.
In one particular incident, DiPascali testified, Madoff was ranting and raving. It involved investments by a firm connected to Madoff’s father-in-law, which had failed to follow the SEC rules and had drawn some unwanted attention to Madoff.