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Prosecutors indicate Madoff plea may be in works
NEW YORK (AP) - Prosecutors have filed a motion indicating that Bernard Madoff may be ready to plead guilty to a sweeping financial fraud.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The U.S. Attorney's office indicated Friday in a brief court that Madoff is ready to waive an indictment. Such language is used when plea deals are ready to happen.
Madoff is accused of orchestrating one of the biggest financial frauds in history, a scheme that wiped out the life savings of investors around the world.
A message left for Madoff's lawyer was not immediately returned.
Prosecutor's spokeswoman Rebecca Carmichael declined to comment.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
