NEW YORK, June 24 (UPI) -- An accountant denied knowing about Bernard Madoff's massive Ponzi fraud as he entered a guilty plea Tuesday in federal court in New York to falsifying records.
Paul Konigsberg, 78, pleaded guilty under an agreement that requires him to cooperate with investigators and to forfeit $4.4 million. Prosecutors agreed that he was unaware that Madoff's investment business was a house of cards, but said he did know that he was using backdated trading records when he prepared tax returns.