March 12, 2009
What’s next now that Madoff has pled guilty?
As I just mentioned over at Swindler’s List, Bernard Madoff pled guilty this morning to all charges against him. He now faces up to 150 years in prison, though that’s unlikely because he’s already 70. I’m not sure what he was promised if he avoided trial, maybe that prosecutors wouldn’t try to build a case against his wife or sons, who worked in the family business.
This case though will not end with Madoff’s sentencing. We can expect it to drag on for years as snookered investors try to recover their money and lawsuits work their ways through the courts.
In the meantime, here’s a selection of posts I’ve written about Madoff during the past three months:
Should Jews sue Jews?
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