Madoff plans to plead guilty, could see life in prison

03/11/2009 | International Herald Tribune · Reuters

Bernard Madoff's lawyer told a U.S. federal judge that Madoff intends to plead guilty to all charges filed against him. The criminal charges, which were made public Tuesday, could yield a sentence of 150 years in prison. While the developments offer new details on how Madoff allegedly conducted a Ponzi scheme for more than two decades, they do not reveal whether family members or employees were involved.

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International Herald Tribune · Reuters

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