DiPascali, 53, the former chief financial officer for Madoff’s company, had been in federal custody since pleading guilty on Aug. 11, 2009, and has cooperated with prosecutors in a bid for leniency at sentencing. Both he and his lawyer, Marc Mukasey, declined to comment yesterday as they left a federal courthouse in Manhattan.
Among the 11 conditions for bail U.S. District Judge Richard Sullivan set in February were posting a $10 million bond secured by $2 million in cash or property, including $600,000 in equity in three New Jersey homes; 24-hour house arrest except under escort; and wearing an electronic monitoring device. DiPascali had been held at the Westchester County Jail in Valhalla, New York.
Sullivan’s order requires DiPascali to forfeit all of his family’s assets, except about $300,000. His release comes after Sullivan signed a $170 billion order of forfeiture for DiPascali on June 18.
DiPascali has turned over to the government his home in Bridgewater, New Jersey, a yacht, watches and jewelry, a Jet Ski, cars, two motorcycles, two minibikes, a scooter and a snowblower.
He pleaded guilty to 10 counts, including conspiracy, fraud and money laundering. He admitted misleading thousands of clients at Bernard L. Madoff Investment Securities LLC, saying no securities trades took place in their accounts. Investors lost billions of dollars.
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