Executive accused in Madoff scam pleads guilty

Posted at 12:38 PM, Jun 24, 2014
and last updated 2014-06-24 12:30:27-04

NEW YORK (AP) — A senior partner at a New York accounting firm who was accused of aiding financier Bernard Madoff 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.