In a court document released on Friday, federal prosecutors in New York praised the efforts of Frank DiPascali in providing 'substantial assistance to the government in its investigation and prosecution of others.'
DiPascali faces up to 125 years in prison, but 'it is likely his cooperation will result in an extraordinary letter' justifying a lower sentence, the document said.
The recommendation came in a 10-page letter dated Dec. 14, 2009 to U.S. District Judge Richard Sullivan.
Most of the letter was redacted.
DiPascali had worked for Madoff's firm since 1975, and eventually rose to become its chief financial officer.
He pleaded guilty to 10 charges in August, and was jailed over the objections of his lawyers and prosecutors who thought the move could make it harder for him to cooperate.
Sullivan ordered DiPascali released to home confinement on $10 million bond last week.
Madoff is serving a 150-year sentence in a North Carolina federal prison.
The case is U.S. v DiPascali, U.S. District Court, Southern District of New York, No. 09-00764.
(Reporting by Jonathan Stempel, editing by Leslie Gevirtz) Keywords: MADOFF/DIPASCALI (jon.stempel@thomsonreuters.com +1 646 223 6317; Reuters Messaging: jon.stempel.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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