US attorney: Madoff employee to plead guilty in NY

December 15, 2011 - 6:25 PM

NEW YORK (AP) — A federal prosecutor says Wall Street swindler Bernard Madoff's (MAY'-dawf's) former controller will plead guilty in New York to conspiracy charges in connection with the largest Ponzi scheme in history.

U.S. Attorney Preet Bharara (buh-RAH'-ruh) said in a letter to a judge Thursday that Enrica Cotellessa-Pitz will plead guilty at a court appearance scheduled for Monday. The letter says the charges include a conspiracy to falsify records in a fraud that started in the early 1970s and ran through December 2008. The letter also says she signed a cooperation agreement.

Cotellessa-Pitz was the controller at Madoff's firm. Her lawyer didn't immediately return a call for comment.

Madoff pleaded guilty to stealing billions through the fraud and says he acted alone. He's serving a 150-year prison sentence in Butner, N.C.