Saturday, March 14, 2009

Why did Madoff confess so willingly?

It was a brutally casual way to inform a man of his fate. After listening to a lengthy monologue by Bernard Madoff's defence lawyer on why the fraudster should remain on bail in his Manhattan penthouse, Judge Denny Chin waved away the prosecution.

"I don't need to hear from you because it is my intention to remand Mr Madoff," said the judge. He spoke almost as an aside, as if Madoff wasn't in the room.

There was a collective intake of breath. In the overflow room at New York's federal courthouse, full of hard-bitten hacks watching proceedings on a video link, a few people started clapping. The old man was finally going behind bars. More...

See also:

  1. Madoff pleads guilty and goes to his cell...
  2. 'Swiss Gigolo' gets 6 years for defrauding BMW heiress Klatten...
  3. U.S. soldiers investigated for fraud bigger than Maddoff...

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