Bernie Madoff: Guilty!

Not exactly a surprise, but it feels good to hear it confirmed: Bernie "I ripped off everybody, even Elie Wiesel" Madoff is reportedly going to plead guilty to 11 charges of fraud, perjury, money laundering and "theft from an employee benefit plan" — yep, you name it, he did it — that will add up to a life sentence. I love the gentlemanly courtroom exchange reported in the New York Times:

Lawyers for the disgraced financier Bernard L. Madoff told a federal judge on Tuesday that Mr. Madoff was expected to plead guilty later this week to charges that will result in a life sentence.

“I gather it is the expectation that he will plead guilty” on Thursday, Judge Chin said, referring to Mr. Madoff.

“That’s a reasonable expectation.” Mr. Madoff ’s lawyer, Ira Lee Sorkin, replied.

Read the entire story here.

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