Crime & Safety
Ridgewood Resident Sentenced To Home Detention For His Role In Madoff Ponzi Scheme
Eric Lipkin must also perform 200 hours of community service.
A Ridgewood man was sentenced to nine months home detention and 200 hours of community service for his role in Bernie Madoff’s $17 billion Ponzi scheme.
Eric Lipkin pleaded guilty and agreed to forfeit $1.4 million, NorthJersey.com reported. Lipkin helped prepare fraudulent documents, his attorney said.
“To be part of the worst financial [scam] ever is an embarrassment that I will have to live with for the rest of my life,” he said. “I am going to do everything in my life to make amends.”
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Lipkin pleaded guilty to his role in the scheme in 2011.
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