Thursday, March 12, 2009

Madoff pleads guilty and goes to his cell...

Disgraced US financier Bernard Madoff has been jailed after pleading guilty to all 11 charges surrounding an estimated $50bn (£35bn) fraud. 

Some of his victims clapped when he was handcuffed and led out of a New York courtroom. He had earlier said he was "deeply sorry and ashamed". 

The 70-year-old defrauded thousands of investors in a fraud he admitted had been running since the early 1990s. 

Due to be sentenced in June, he could receive up to 150 years. More...

See also:

  1. Rabbi: Kick Madoff out of the Jewish people...
  2. Bernard made-off with billions...
  3. Ripples of Madoff scandal spread everywhere...

No comments:

Post a Comment