NEW YORK — Bernard Madoff’s former right-hand man summed up his boss’ arrest exactly five years ago with two words in his diary entry for Dec. 11, 2008: “Madoff Implodes.”
Frank DiPascali’s words were shown to jurors Wednesday on the fifth anniversary of Madoff’s fall. The jurors are hearing evidence in the trial of five of Madoff’s former employees, who say they were duped, as well.
DiPascali told jurors that Madoff was crying when he revealed he was out of money more than a week before federal authorities and the rest of the world learned the truth. DiPascali said Madoff asked him to collect boxes of documents to shred, and Madoff “very meticulously” went over a client list to identify employees and family members to whom he planned to disburse the nearly $300 million that remained.
