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SEC charges Madoff employee with fraud

Longtime Madoff employee Eric Lipkin is charged by SEC in connection with Madoff Ponzi scheme

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Bernard Madoff

The US Securities and Exchange Commission (SEC) has charged Eric Lipkin, a former employee of Bernard Madoff Investment Securities (BMIS), with helping Madoff and his firm operate the large Ponzi scheme that defrauded hundreds of investors and deceived regulators for decades.

The SEC alleges Lipkin processed payroll records for ‘no-show’ employees and assisted Madoff in producing false accounting

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