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: PomTalkMadoff to Plead Guilty on Thursday
By Jim Hodgson
Bernard Madoff, the infamous architect of the largest Ponzi scheme in history, is set to plead guilty in federal court in Manhattan on Thursday, to charges that will result in a life sentence. See further coverage here. And read the letter submitted by government prosecutors with regard to conflicts of interest between Madoff and his attorney here. In a hearing held this morning, the judge overseeing the case found that these conflicts (including the fact that Madoff's attorney had invested in the Ponzi scheme) were waivable, and that Madoff had waived them knowingly.
Full post as published by PomTalk on March 10, 2009 (boomark / email).
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