Saturday, March 7, 2009

Madoff may plead guilty


By: Vickie J. Rubinson

Prosecutors filed a motion Friday indicating that Bernard Madoff may be ready to plead guilty to charges that he carried out one of the biggest financial frauds in history.

The timing of a possible plea deal is unclear, and no court hearings were immediately scheduled. Prosecutors have a deadline of next Friday to bring an indictment against Madoff, under the speedy-trials law.

According to MSNBC, shortly after his arrest, Madoff offered to relinguish many of his and his wife's assets, including properties in Palm Beach, Fla., and Antibes, France, as well as his boats and cars.

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