Talkleft:
Final Update: Here's the statement Madoff made in court today (pdf).
Update: 11:16 am: Sentencing will be June 16. The Government asked for immediate jailing. CNBC and CNN report the Judge said he intends to grant the request and order Madoff into custody immediately. It's done.
Update 10:55 am: The Judge has accepted the guilty plea. The Government is telling the judge how the scheme operated. The victims who object to the plea are now being heard. Next issue should be bail.
1 comment:
Don't be surprised if Mafoff does a Ken Lay. Look Enron was said to be the biggest crime as Ken Lay quickly died before sentancing and was buried without reporters being able to report. Now Enron is old news as Mrs. Lay is off with the money and living large with the dead man. Madoff was smart enough to pay the right people and have a back up plan just in case. Now we see the prosecutors aren't going to get the locations of the hidden money and all that is discussed is the 70 million and the penthouse. Look Bernie was smart enough to wheele and deal for over 25 years he is smart enough to have made a plan no matter what the out come when he got caught.
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