Bernard Madoff's right-hand man during decades of massive fraud on Wall Street has been released despite having previously been denied bail, according to prison officials.
The Federal Bureau of Prisons database shows that Frank DiPascali, 53, was released on November 12. No reason was given for the release, which went largely unnoticed by the public.
DiPascali pleaded guilty in a New York federal court on August 11 to conspiracy and multiple counts of fraud related to Madoff's multi-billion dollar Ponzi scheme.
The judge ordered him immediately jailed though he has agreed to help the government investigate the Madoff fraud and was backed by prosecutors in his application for bail.
DiPascali was chief financial officer in Madoff's company, Bernard L. Madoff Investment Securities. He faces a maximum penalty of 125 years in prison.
Madoff is serving a 150 year sentence after pleading guilty to the scam.
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