Madoff Arrives At Court For Expected Guilty Plea
NEW YORK — Accused financier Bernard Madoff has arrived at court where he is expected to plead guilty to swindling billions of dollars in one of the largest investment schemes in U.S. history.
Madoff is scheduled to enter his plea Thursday in U.S. District Court in lower Manhattan.
Madoff’s lawyer has indicated he will admit guilt on 11 felony counts, which would lead to a sentence of around 150 years under federal guidelines.
Some victims in the scandal say that his expected guilty plea in the case is not enough. They want the accused Wall Street swindler to name any accomplices who helped him pull off his multibillion-dollar securities fraud.
They also want Madoff to apologize and turn over family assets that might be used to pay bilked investors.