- The Washington Times - Thursday, March 12, 2009

NEW YORK (AP) - Disgraced financier Bernard Madoff has been ordered to jail and escorted out of the courtroom after pleading guilty to 11 charges. A sentencing date of June 16 has been set.

Prosecutors had asked for him to be jailed immediately after he pleaded guilty Thursday to a worldwide financial swindle. They say he robbed investors of billions of dollars.

Madoff earlier told the judge he “cannot adequately express” how sorry he is.


TOP STORIES
Trump asks nation to pray over his impeachment, says he's done nothing wrong
'No cause, case closed': Alan Dershowitz lays out a defense of Trump
Black pastor calls Trump more 'pro-black' than Obama


Madoff told the judge his Ponzi scheme began in the early 1990s in response to a recession.

Two investors who spoke at the hearing said they opposed the guilty plea. One said she wanted it to wait until the lost money is found.



Madoff did not look at the investors as they spoke.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC. Click here for reprint permission.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide