Thursday, March 12, 2009

Madoff to plea Guilty

Madoff is expected to plea guilty today to all 11 felony charges brought against him, with a maximum sentence of 150 years.

There is plenty of speculation surrounding this plea, since one would expect that there would have been a deal that included protecting his sons and wife from civil and criminal charges. However, according to press reports the judge and prosecutors have confirmed that there is no plea agreement, and no deal. Madoff is simply pleading guilty to all charges, as if he lost at trial.
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