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2009-03-13 Home Front Economy

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Posted by Fred 2009-03-13 00:00|| || Front Page|| [3 views ] Top

#1 ...but not that guilty.

NEW YORK Bernard Madoff's lawyers are appealing a judge's decision to revoke his $10 million bail and send him to jail to await sentencing. Madoff pleaded guilty Thursday to 11 felony counts including securities fraud and was immediately jailed. His lawyers filed papers with a federal appeals court Friday. The court papers were not immediately available.

Bail was revoked after the 70-year-old financier confessed to carrying out what may be the biggest fraud in Wall Street history. Madoff told U.S. District Judge Denny Chin that he was "deeply sorry and ashamed."

Sentencing is June 16. Madoff is facing up to 150 years, plus fines and mandatory restitution.

Posted by tu3031 2009-03-13 16:14|| 2009-03-13 16:14|| Front Page Top

#2 And then all was swept under the rug nice and tidy. Move along sheeple.

Posted by ed 2009-03-13 16:16|| 2009-03-13 16:16|| Front Page Top

23:50 ed
23:45 trailing wife
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23:38 trailing wife
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22:52 Old Patriot
22:25 Glenmore
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22:12 ed
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22:06 tu3031
22:06 Barbara Skolaut
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22:03 ed
21:58 Barbara Skolaut
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21:24 lotp