0 Comments | Xinhua News Agency – CEIS, Mar 11, 2009
Madoff could face up to 150 years in prison
NEW YORK, March 10 (Xinhua) — Bernie Madoff, the accused financial swindler and former Nasdaq chairman, could face up to 150 years in prison, U.S. media reported on Tuesday.
Defense lawyer Ira Sorkin said Madoff would plead guilty on Thursday at a federal court in New York.
At a hearing on Tuesday, Assistant U.S. Attorney Marc Litt said Madoff faces 11 criminal counts including securities fraud, mail fraud, wire fraud, money laundering and filing false statements with the Securities and Exchange Commission (SEC).
Madoff, 70, is under house arrest at his Manhattan home on 10 million dollars bail
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