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A British D-Lister Does What Many Only Wish They Could Do

kerry katona.jpgWe’ve got no idea who Kerry Katona is but she had it with her accountant and decided that punching him in the face was good idea.
From the looks of the guy, can’t say that he probably didn’t deserve it. He’s was busted for fraud back in 2004 and was involved in a scheme involving pink rabbits at 600 quid a pop.
K-squared, for her part, declared bankruptcy last year, owing £417,000 in taxes. And just for good measure, she was just picked up two nights ago for being caught on video putting a blizzard up her nose. This whole thing is about as sketchy/awesome as you could possibly ask for.
Kerry Katona accused of punching her accountant [Accountancy Age]

Guilty Madoff CFO Update

It’s offish. DiPascali pleaded guilty to all ten counts against him and faces 125 years in prison, just quarter century short of Boss Ponz. However, because he is cooperating with the U.S. Attorney, DiPascali may be lucky enough to get a sentence under the century mark.
The bright side for Frank DiPascali is that he gets to spend his last few days as a free man courtesy of a very nice sister who put up her house for the $2.5 million bond. Sentencing is tentatively set for May 2010.
DiPascali was the man that many Madoff investors corresponded with directly so it’s clear to us that he was LYING A LOT.
Per the WSJ:

The former chief financial officer for Bernard Madoff says he helped the disgraced financier and others “carry out a fraud that hurt thousands of people”…Mr. DiPascali said at the plea hearing that the transactions were “all fake. It was all fictitious. It was wrong, and I knew it was wrong at the time.”

Okay then, nothing really new there but we will be waiting patiently to hear the other names. Next bean counter up for book throwing is David Friehling, who was kind enough to rubber stamp the Madoff financial statements for around $14k a month. Bright side for Friehling is that he’s looking at 50% less time in jail then Bernie.