Madoff to waive right to trial, paving way for plea deal
source: http://www.breitbart.com/article.php?id=CNG.5c8cf113d7db3329614af54eae3e16ba.f71&show_articl...
-
-
- gooma2
- added this
Disgraced Wall Street financier Bernard Madoff will apparently waive his right to a trial in a deal worked out with prosecutors, according to a paper filed in court Friday which could pave the way for a guilty plea.
The former Nasdaq stock exchange chairman is accused of masterminding a 50-billion-dollar fraud that promised huge returns to investors in exchange for their capital -- one of the biggest financial scams in history.
Since Madoff was placed under house arrest in December rumors have swirled that he has been negotiating a deal with prosecutors, which could see him plead guilty and assist investigations in return for a reduced sentence.
The former Nasdaq stock exchange chairman is accused of masterminding a 50-billion-dollar fraud that promised huge returns to investors in exchange for their capital -- one of the biggest financial scams in history.
Since Madoff was placed under house arrest in December rumors have swirled that he has been negotiating a deal with prosecutors, which could see him plead guilty and assist investigations in return for a reduced sentence.
-
- groups:
- Community, News and Politics, Politics, World News
-
- tags:
- News, News and Politics, Politics, Current TV, 6 more
-
- recommended by:
- gooma2
