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WNN Co-Founder
Join Date: Nov 2008
Location: Lost Coast
Age: 42
Posts: 495
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Wall Street financier who cheated billions of dollars out of investors pleads guilty in court, says he is 'deeply sorry and ashamed' for his actions, but refuses to implicate anyone else in the scam
Careful to blame only himself, a "deeply sorry and ashamed" Bernard Madoff pleaded guilty Thursday to pulling off what could be the biggest, most spectacular swindle Wall Street has even seen, and was sent off to jail in handcuffs to the applause of his furious victims. "I realized that my arrest and this day would inevitably come," Madoff said in a courtroom crammed with many of the investors he cheated out of billions of dollars. The 70-year-old financier could get up to 150 years in prison at sentencing June 16 on 11 counts, including securities fraud and perjury. He could also be fined and ordered to pay restitution to his victims and forfeit any ill-gotten gains. ![]() Madoff arriving at court (Photo: AFP) |
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#2 (permalink) | |||||||||||||||||||||
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New User
Join Date: Feb 2009
Location: East Tennessee
Age: 44
Posts: 959
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I am positive that America's "friend" Isreal is working hard to return the stolen loot to America.
![]() Quote:
Crime, Corruption And Collapse On Wall Street - The International Forecaster |
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