A judge ordered disgraced financier Bernard Madoff jailed immediately pending sentencing after he pleaded guilty to 11 charges. He will be sentenced June 16.
Earlier, Madoff admitted he began operating a giant Ponzi scheme in the early 1990s in response to a recession. He said that he started the fraud but that he believed it would be short and he could extricate himself. "As the years went by, I realized my risk, and this day would inevitably come," he said. "I cannot adequately express how sorry I am for my crimes."
I was wrong, wow it happens once and a while I guess
posted by Peter Greene
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