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Tuesday, March 10, 2009
Bernie Madoff: Guilty!
Posted by David Warner on Tue, Mar 10, 2009 at 4:45 PM
Not exactly a surprise, but it feels good to hear it confirmed: Bernie "I ripped off everybody, even Elie Wiesel" Madoff is reportedly going to plead guilty to 11 charges of fraud, perjury, money laundering and "theft from an employee benefit plan" — yep, you name it, he did it — that will add up to a life sentence. I love the gentlemanly courtroom exchange reported in the New York Times:
Lawyers for the disgraced financier Bernard L. Madoff told a federal judge on Tuesday that Mr. Madoff was expected to plead guilty later this week to charges that will result in a life sentence.“I gather it is the expectation that he will plead guilty” on Thursday, Judge Chin said, referring to Mr. Madoff.
“That’s a reasonable expectation.” Mr. Madoff ’s lawyer, Ira Lee Sorkin, replied.
Read the entire story here.
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