The indicted financier Bernie Madoff appeared in a federal court Tuesday on allegations of operating one of the biggest frauds in Wall Street history. Madoff was arrested last year and accused of running an estimated $50 billion Ponzi scheme. Madoff’s lawyer says he will plead guilty to all criminal charges in court tomorrow. He faces a prison sentence of 150 years.
Attorney: Madoff to Plead Guilty on All Charges
HeadlineMar 11, 2009