Madoff in Jail: Plead Guilty to 11 Counts

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SUMMARY

Bernard Madoff pleaded guilty to 11 counts, including fraud, perjury, and money laundering, admitting that his Ponzi scheme began in the early 1990s. He expressed remorse but faced skepticism from victims regarding the sincerity of his apology. The discussion highlights calls for federal bailouts for victims, notably from Elie Wiesel, and critiques of Madoff's wife, Ruth, who withdrew significant funds shortly before his arrest. Madoff's potential sentencing could reach 150 years, with ongoing scrutiny of his family's involvement and the possibility of clawbacks from early investors.

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  • #31
If I were Madoff, I would have secreted money away and planned the greatest prison escape in history.
 
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  • #32
Why isn't Ruth Madoff being pursued? It's not like she was a babe in the woods. She's an accountant and financial advisor, and she and Madoff started a financial-services business back then they were first married. The story that she didn't know what was going on is pretty thin, especially since she was a prime beneficiary of the ill-gotten gains. The prosecution left her with "only" $2.5M to live on. Poor thing!
 

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