Menu
Home

New York accounting executive who held small stake in Madoff's firm pleads guilty

A senior partner at a New York accounting firm who was accused of aiding financier Bernard Madoff (MAY'-dawf) in his epic fraud has pleaded guilty to conspiracy.

The accounting firm executive, Paul Konigsberg, also pleaded guilty to two counts of falsifying books and records Tuesday in a cooperation deal with the government.

Prosecutors say he is the only person outside the Madoff family to have held an ownership interest in Madoff's private investment business.

The 78-year-old Konigsberg tells the court he was not aware of Madoff's "horrific and evil Ponzi scheme."

Madoff is serving a 150-year prison sentence after admitting his fraud in 2009.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.25% dw 4.27%  
15 Y Fixed Graph 3.23% up 3.21%  
30 Y Fixed Jumbo Graph 4.56% dw 4.60%  
5/1 ARM Graph 3.37% -- 3.37%  
5/1 Jumbo ARM Graph 3.55% dw 3.59%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.36% up 4.34%  
$50K HELOC Graph 4.06% -- 4.06%  
$30K Loan Graph 5.07% up 4.98%  
$50K Loan Graph 4.50% up 4.39%  
$75K Loan Graph 4.50% up 4.39%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.92% up 2.91%  
36 M Used Graph 3.43% up 3.42%  
48 M New Graph 3.18% up 3.17%  
48 M Used Graph 2.92% -- 2.92%  
60 M New Graph 3.18% -- 3.18%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.33% dw 0.34%  
1 yr Graph 0.65% -- 0.65%  
5 yr Graph 1.35% up 1.33%