Bernad Madoff (Youtube.com)
Bernard Madoff, also Bernie Madoff, the man orchastrated unprecedented $65 billion Ponzi scheme scam in Wall Street, has pled guilty to eleven charges, including securities fraud, wire fraud, mail fraud, money laundering and making a false filing to the SEC. Bernard Madoff, former chairman of the NASDAQ stock exchange, was cancelled his bail and directly ordered to jail by a U.S. District Judge Denny Chin today March 12. His sentence was scheduled on June 16. He could face a maximum term of 150 years in prison! Source: Bloomberg
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