Bernard Madoff pleaded guilty on Thursday to orchestrating the biggest investment fraud in Wall Street history and was jailed to await a sentence that could keep him in prison for the rest of his life.
As some of his victims looked on in the courtroom, the former Nasdaq stock market chairman calmly described for 10 minutes a long-running, worldwide Ponzi scheme that he knew was criminal from the start but thought would end
Makosa yenyewe or Charge(s)
Securities fraud,
Investment adviser fraud,
Mail fraud,
Wire fraud,
three counts of Money laundering,
False statements,
Perjury,
Making A False Filing With The SEC,
Theft From An Employee Benefit Plan
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