- The Washington Times - Friday, March 6, 2009

NEW YORK (AP) — Prosecutors have filed a motion indicating that Bernard Madoff may be ready to plead guilty to a sweeping financial fraud.

The U.S. Attorney’s office indicated Friday in a brief court filing that Madoff is ready to waive an indictment. Such language is often used when plea deals are ready to happen.

Madoff is accused of orchestrating one of the biggest financial frauds in history.

The timing of a possible plea deal is unclear, and no court hearings were immediately scheduled.

A message left for the money manager’s lawyer was not immediately returned. Prosecutor’s spokeswoman Rebecca Carmichael declined to comment.

Prosecutors have a deadline of next Friday to indict Madoff under the speedy-trials law.

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