**Frank DiPascali, the former chief financial officer of Bernard Madoff, is expected to plead guilty shortly for his role in the $65bn (£40bn) fraud.**Mr DiPascali is due before a court in Manhattan to face 10 charges including conspiracy and securities fraud.
The 52-year-old, who worked for Madoff for 33 years, faces a maximum possible sentence of 20 years.
Madoff, 71, was jailed for 150 years at the end of June. Last month he decided not to appeal again his sentence.
Ponzi scheme
Mr DiPascali is the third person to be charged in connection with the fraud at Madoff’s investment business, following Madoff himself and the company’s external accountant, David Friehling.
Mr Friehling is currently free on bail after being charged in March with aiding and abetting fraud, and four counts of filing false audit reports. He has pleaded not guilty.
Madoff admitted defrauding thousands of investors through a Ponzi scheme which he said had been running since the early 1990s.
A Ponzi fraud works by paying investors from money paid in by other investors rather than real profits.
It differs from pyramid selling in that individuals all tend to invest with the same person.