Motion filed indicates alleged swindler may be ready to plead guilty
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NEW YORK - Prosecutors have filed a motion indicating that Bernard Madoff may be ready to plead guilty to a sweeping financial fraud.
The U.S. Attorney’s office indicated Friday in a brief court filing that Madoff is ready to waive an indictment. Such language is often used when plea deals are ready to happen.
Madoff is accused of orchestrating one of the biggest financial frauds in history.
The timing of a possible plea deal is unclear, and no court hearings were immediately scheduled.
A message left for the money manager’s lawyer was not immediately returned. Prosecutor’s spokeswoman Rebecca Carmichael declined to comment.
Prosecutors have a deadline of next Friday to indict Madoff under the speedy-trials law.
Madoff has been under house arrest at his Manhattan penthouse as the government investigates how he carried out a fraud he estimated at about $50 billion. His court appearances in the weeks after his arrest generated huge attention amid an uproar over his release on bail.
Earlier this week, Madoff agreed to give up the rights to his disgraced investment business and his company’s prized artwork and entertainment tickets.
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NEW YORK - Prosecutors have filed a motion indicating that Bernard Madoff may be ready to plead guilty to a sweeping financial fraud.
The U.S. Attorney’s office indicated Friday in a brief court filing that Madoff is ready to waive an indictment. Such language is often used when plea deals are ready to happen.
Madoff is accused of orchestrating one of the biggest financial frauds in history.
The timing of a possible plea deal is unclear, and no court hearings were immediately scheduled.
A message left for the money manager’s lawyer was not immediately returned. Prosecutor’s spokeswoman Rebecca Carmichael declined to comment.
Prosecutors have a deadline of next Friday to indict Madoff under the speedy-trials law.
Madoff has been under house arrest at his Manhattan penthouse as the government investigates how he carried out a fraud he estimated at about $50 billion. His court appearances in the weeks after his arrest generated huge attention amid an uproar over his release on bail.
Earlier this week, Madoff agreed to give up the rights to his disgraced investment business and his company’s prized artwork and entertainment tickets.
