NEW YORK (CBSNewYork/AP) – New York financier Bernard Madoff’s former right-hand man summed up his boss’ arrest exactly five years ago with two words: “Madoff Implodes.”
The words were in Frank DiPascali’s diary entry for Dec. 11, 2008. The diary was shown to jurors Wednesday on the five-year anniversary of Madoff’s fall. The jurors are hearing evidence in the trial of five of Madoff’s former employees.
Madoff was arrested for running a massive Ponzi scheme on the day after the company Christmas party.