Former Madoff Employee to Plead Guilty Despite No Charges Filed Against Him

By: Associated Press and WTVY
By: Associated Press and WTVY

NEW YORK (AP) -- Federal prosecutors say one of Bernard Madoff's
former employees has agreed to plead guilty to participating in his epic swindle.

The prosecutors say in a letter to a judge that Eric Lipkin will appear in Manhattan federal court on Monday to admit his role in Madoff's crimes.

The letter made public Thursday says the charges will include conspiracy, bank fraud and falsifying various financial records. It
says Lipkin is entering the plea as part of a cooperation agreement
with prosecutors. The letter does not specify what sort of assistance he has been asked to provide.

Lipkin's lawyer, James Filan, declined to comment.

Charges have yet to be formally lodged against Lipkin.

Prosecutors say they will file the case just before he enters his guilty plea on Monday.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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