Madoff To Plead Guilty

It's official: Bernie to plead guilty on Thursday to all charges. U.S. Prosecutor Marc Litt says there is no plea agreement, meaning Bernie may have to lie in jail for up to 150 years. Charges against Bernie include fraud, investment advisor fraud, mail fraud, wire fraud, three counts of money laundering, false statements, perjury, false filings with the SEC and theft from an employee benefit plan. Additionally, Madoff claims his total account balances total $64.8 billion, while U.S. prosecutors seek forfeitures of $170 billion, much higher than preliminary estimates of $50 billion.