Archive for March 12th, 2009

BREAKING NEWS: Bernard Madoff Pleads Guilty; Judge Orders Him Jailed Immediately; Spectators Erupt In Applause

BREAKING NEWS: Bernard Madoff Pleads Guilty; Judge Orders Him Jailed Immediately; Spectators Erupt In Applause

UPDATED 11:58 A.M. EDT (U.S.A.) Accused Ponzi swindler Bernard Madoff has pleaded guilty to 11 criminal charges and faces up to 150 years in prison. CNN is reporting that U.S. District Judge Denny Chin of Manhattan accepted the plea. Chin ordered Madoff to jail immediately. The courtroom, packed with victims, erupted in applause. Madoff, 70, […]