YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Final Madoff defendant sentenced to six months in prison

Posted online
Irwin Lipkin, one of Bernard Madoff's longest-serving employees, was sentenced to six months in prison on Wednesday for falsifying records that helped the imprisoned fraudster carry out his multibillion-dollar Ponzi scheme.

The sentencing marks the end of the criminal case in the wake of the fraud scheme. It comes over six years after Madoff's arrest, according to Reuters.

Lipkin, 77, was the last of 15 defendants to be sentenced. He worked as the Madoff firm's controller.

Madoff is serving a 150-year prison term after pleading guilty in 2009 to leading a scheme to defraud investors by as much as $17 billion.

Read more from Reuters.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences