Ex-Madoff Trader David Kugel Agrees to Plead Guilty to Fraud
November 17, 2011
A former trader at convicted con man’s Bernard Madoff’s investment firm, David Kugel, agreed to plead guilty to fraud, prosecutors said.
Kugel is expected to enter a guilty plea “pursuant to a cooperation agreement with the government” at a Nov. 21 hearing, prosecutors said yesterday in a letter to U.S. District Judge Laura Taylor Swain in Manhattan that was posted on the Justice Department’s website.
Source:
Businessweek
Posted in:
Collusive Networks
Internal Fraud