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'Frantic Lunatic' Bernie Madoff Called End-Of-Year Fraud On Clients 'Schtupping,' The Yiddish Term For …

//bernie madoff

Dec. 6 2013, Published 10:00 a.m. ET

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Bernie Madoff's codeword for his fraudulent end-of-year business transactions was "schtupping," a Yiddish term for the act of sex, according to his former underling Frank DiPascali.

DiPascali, a government witness who admitted to fraud three years ago, made the revelations while testifying in the New York-based fraud trial of five other Madoff associates Thursday. DiPascali said