Monday, March 9, 2009

Madoff expected to plead guilty to fraud charges

According to, embattled hedge fund fraudster Bernie Madoff is expected to plead guilty on fraud charges when in court next week. A court document signed on Friday by prosecutors and Madoff's lead attorney indicated the once-respected Wall Street trader and investment manager would waive an indictment and plead guilty to criminal charges. Though its not set in stone, it looks like Mr. Madoff will soon be under more than just house arrest.

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