Business

Executive accused in Madoff scam pleads guilty

By Larry Neumeister
Published June 24, 2014 8:42pm ET
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Executive accused in Madoff scam pleads guilty
Defendant Paul Konigsberg leaves federal court in New York on Tuesday, June 24, 2014 after he plead guilty to conspiracy and two counts of falsifying books and records in a co-operation deal with the government. The 78-year-old Konigsberg, an accounting firm executive who worked for Bernard Madoff, told 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. (AP Photo/Larry Neumeister) | Larry Neumeister

NEW YORK (AP) — A senior partner at a New York accounting firm pleaded guilty to criminal charges Tuesday in a cooperation deal with the government, saying he unwittingly played a role in financier Bernard Madoff’s “horrific and evil Ponzi scheme.”

The firm executive, Paul Konigsberg, pleaded guilty in federal court in Manhattan to conspiracy and two counts of falsifying books and records. He also agreed to forfeit $4.4 million in cash and property. Sentencing was set for Sept. 19, though cooperation will likely delay the date.

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