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TUESDAY, FEBRUARY 9, 2010
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Judge Orders 'Ashamed' Madoff to Jail on Guilty Plea

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(Newser) – Bernard Madoff pleaded guilty this morning to all 11 felony charges against him, saying he was "sorry and ashamed" for his criminal acts. The judge accepted the plea and revoked Madoff's bail, bringing cheers from spectators in the courtroom. Madoff was escorted out in handcuffs and will remain in custody until his sentencing on June 16. He faces a maximum prison term of 150 years.

The plea marks the first time Madoff has spoken publicly about his Ponzi scheme. "As the years went by, I realized my risk, and this day would inevitably come," he told the court in a steady voice. "I cannot adequately express how sorry I am for my crimes." But some of his victims aren't satisfied with that; some investors say they're protesting the guilty plea because it doesn't include conspiracy charges.

Heavily armed officers guard the perimeter around Manhattan federal court before the arrival of Bernard Madoff Thursday, March 12, 2009, in New York.
Heavily armed officers guard the perimeter around Manhattan federal court before the arrival of Bernard Madoff Thursday, March 12, 2009, in New York.   (AP Photo/ Louis Lanzano)
Bernard Madoff arrives at Manhattan federal court, Thursday, March 12, 2009, in New York.
Bernard Madoff arrives at Manhattan federal court, Thursday, March 12, 2009, in New York.   (AP Photo/ Louis Lanzano)
Bernard Madoff arrives at Manhattan federal court, Thursday, March 12, 2009, in New York.
Bernard Madoff arrives at Manhattan federal court, Thursday, March 12, 2009, in New York.   (AP Photo/ Louis Lanzano)
Bernard Madoff arrives at Manhattan federal court Thursday, March 12, 2009, in New York.
Bernard Madoff arrives at Manhattan federal court Thursday, March 12, 2009, in New York.   (AP Photo/ Louis Lanzano)
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5 comments
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ClingingToHope
Mar 12, 09 10:00 AM CDT
"The plea...could result in a maximum prison term of 150 years..." or an appointment to Obama's cabinet! Reply
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NutsInNY
Mar 12, 09 10:28 AM CDT
NoNuts: there are so many reasons to laugh at you, but not with you.
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Chudluv
Mar 12, 09 5:03 PM CDT
Again, something just doesn't seem right with it all. I wonder if his guilty plea will shield the rest of his family from the Courts wrath. Reply
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Reader40194472
Mar 12, 09 7:14 PM CDT
How about making him watch "The Grapes of Wrath" for the rest of his reduced little life...lol...Every day of his sentence. Reply
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Reader76002054
May 9, 09 1:04 PM CDT
Eric Carlson and Joan Wagar, A,K,A, Doubleclick and Mrs Dash,( yes those are there nicknames they gave each other.) admitted to poisoning me while I was a plasma donor back in 2005. Eric Carlson pedofied me behind prison walls and then framed me as a pedophile on march 26th 2007, I caught the crime on a audio recorder I put in Joan's purse. there were people in authority helping them with this and nobody in authority will help they pretend nothing happened and refuse to investigate this. Eric Carlson changed his hair color and his name to Gashel and Clackamas Walmart was hiding him from my Family by pretending He's someone else but this is not hidden, only ignored by the authority's and media I'm disabled from being poisoned and the hospitals refuse to admit I'm poisoned. My Family is in danger from these people and I have no other recourse but to make these charges public. My name is Terry Wagar,Im from Portland Oregon and I'm backing up these charges. I have been threatened with harassment charges by a Sargent Walker, She is a Portland Police officer stationed at the OHSU hospital, for the non crime of reporting a multi murder conspiracy within that hospital. They dont give a s4!t Joan and Eric was poisoning a plasma donor! And how many god damn John Ray's in authority are there in portland oregon! You damn serial killer. Where did Mrs Dash keep her stash? in A Garlic Salt Shaker! What did Doubleclick do with his Dick? You Pedo! Why you hiding A body double for Clackamas Walmart? Cover this up Sgt Walker! We have our Witch hunts right here in Portland Oregon, and they use it to justify murder. The Authority's call it "Pedofied" it means they just run around spreading rumors about someone they want dead, they label that person A pedophile, turning hundreds of people against that person overnight. It makes it easy to get volunteer's to lie for them so they can murder off that person. And no one complains, thinking to themselves "One less pedophile to worry about. http://portland.indymedia.org/en/2009/04/390861.shtml It's A great responsibility to report A crime the Authority's don't want reported! Reply
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