Tuesday, March 10, 2009

Madoff to plead guilty, could face up to 150 years

NEW YORK – In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead guilty Thursday to securities fraud, perjury and other crimes, knowing that he could face up to 150 years in prison for one of the largest frauds in history. The revelation came as prosecutors unveiled an 11-count charging document against the 70-year-old former Nasdaq chairman, and as his lawyer, Ira Sorkin, told a judge that Madoff planned to plead guilty this week without a plea deal...
http://news.yahoo.com/s/ap/20090310/ap_on_bi_ge/madoff_scandal

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