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.
Thats a reasonable expectation. Mr. Madoff s lawyer, Ira Lee Sorkin, replied.
Read the entire story here.