Tag: Bernard Madoff guilty plea

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,…