InfoAnda - Madoff behind bars after pleading guilty to fraud

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. authorities seize websites over pirated movies | | 1 July 2010
S.Korea fin min, c.bank chief to meet on Fri | 12 February 2009
Yahoo! Singapore News | 8 June 2009

Dozens dead as Ivorian troops clash with militia | | 4 May 2011

">Forum Views () ">Forum Replies ()

Read more with google mobile : Madoff behind bars after pleading guilty to fraud

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Madoff behind bars after pleading guilty to fraud AFP - Friday, March 13 NEW YORK (AFP) - - Wall Street conman Bernard Madoff was led handcuffed to jail Thursday after pleading guilty to tricking thousands of people out of billions of dollars in one of history's biggest financial scams. ADVERTISEMENT Madoff, 70, told a packed New York court he was "deeply sorry and ashamed" for the decades-long Ponzi scheme, and the former financial titan and chairman of the Nasdaq stock market now looks likely to die behind bars. He faces a maximum sentence on June 16 of 150 years after pleading guilty to all 11 counts of fraud, perjury and theft. Prosecutors also want to track down an astounding 177 billion dollars they say passed through Madoff's hands. Judge Denny Chin asked Madoff, wearing a grey suit, dark tie and white shirt, how he would plead. "Guilty," Madoff replied. Defence lawyers said the silver-haired money manager should be allowed to remain free on bail in his seven-million-dollar Manhattan apartment until sentencing. But Chin responded: "It is my intention to remand Mr Madoff" triggering applause from victims who had gathered in the court room. Federal marshals then handcuffed Madoff behind his back and led him away. Madoff looked nervous when he first entered the court, watched from the packed benches and via video link by hundreds more people in a separate room. But he appeared to gather confidence after Chin asked him to recount his crimes. Speaking publicly for the first time since his shocking arrest on December 11, Madoff recounted how he lured clients to give him their money. They believed he was making legitimate investments, when in reality he was running a Ponzi scheme where the funds invested by new clients are used to pay fake returns to existing clients. He said he was sorry and that he had never intended to perpetuate such an epic fraud. "I believed it would end quickly and I would extricate myself and my clients," he said. "This proved difficult and, in the end, impossible." "I cannot adequately express how sorry I am," he added, saying: "I am here today to accept responsibility for my crimes." Madoff was also forced for the first time to listen to some of his victims, with three being allowed by Chin to address the court. All argued passionately that the government must do more to uncover the scope and details of Madoff's fraud. "He didn't do these crimes alone," one said. "Who handled it when he was gone?" Two others begged Chin not to accept the guilty plea and to force Madoff to stand trial. "If we go to trial we have more of a chance to comprehend the global scale of this horrendous crime," one said. "We will bear witness to the pain that Mr Madoff inflicted on the young, the infirm and the old." Prosecutors and Chin himself on Thursday stressed that the case remains open. Legal experts say the probe might turn to others, including Madoff's brother Peter, and his sons Mark and Andrew, all of whom worked closely with the disgraced investment manager. Madoff's wife Ruth is about to get her own lawyer, having previously relied on Sorkin. No one in Madoff's family has been charged with any wrongdoing. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Most Popular – Top Stories Viewed For sale: nagging wife, very high maintenance Global airlines warn of stormy 2009 Chimp used planning skills to attack humans Space junk sparks crew scare on ISS German industrial slump stuns analysts View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 13 March 2009
Final Gaza toll shows 960 civilians killed: group | International |
German warned of barbecue on eve of shootings | International |
Apple to preview new iPhone software next week | Technology |
Sirius XM to roll out iPhone application | Technology |
U.S. phone companies spar over universal fund fix | Technology |
Dancing quicksteps towards Idol's ratings crown | Entertainment |
Wes Craven on Last House and the lure of horror | Entertainment |
Green carpet roll out for The Age of Stupid film | Entertainment |
Pakistani lawyers to intensify campaign: leader | International |
UN chief to open meeting on Afghanistan's future
Final Gaza toll shows 960 civilians killed: group | International |
Warning to US on talks with Taliban: think-tank
South Korea warns North of fresh U.N. action on missile | International |
Kidnappers of Sudan aid workers demand ransom
China says willing to meet Dalai Lama's envoys | International |
Liechtenstein ruler proposes repatriation amnesty
Former Israeli leader says innocent of sex crimes
International aid workers kidnapped in Sudan's Darfur | International |
Space junk sparks crew scare on ISS
Malagasy president urges public to repel rebels | International |
Israeli hurt by mine falls to death from chopper
VW reveals race to overtake GM, Toyota
Nationalist rising fast in Israeli politics
For sale: nagging wife, very high maintenance
Netanyahu aide says Obama agrees on Iran, at least | International |
Al-Qaida front claims Iraq police academy bombing
Caution needed in any U.S., Taliban talks: ICG | International |
Liechtenstein, Andorra, Belgium to ease bank rules
Hamas, in rare move, condemns Gaza rocket fire
Madoff behind bars after pleading guilty to fraud
Doubts arise over threat by German teenage gunman | International |
Israeli hiker falls to death from rescue helicopter
Canadian prisoners used nail clippers to escape | International |
US jobless claims hit 654,000 in week
Iraqi who threw shoes at Bush jailed for 3 years
Madoff pleads guilty
US retail sales dip 0.1% in February
Bleak data from Asia, Europe ahead of G20 meeting
Climate change effects seen in Antarctic winds
Apple to preview new iPhone software next week | Technology |
Scientists warn of 'irreversible' climate shifts
Kremlin loyalist says launched Estonia cyber-attack | Technology |
Big spending bill bars US cluster bomb exports
Planning for future must consider climate change
Time Warner names Google's Armstrong as AOL chief | Technology |
Mexico extradites ex-Border Patrol agents to US
Global warming to carry big costs for California
American pilot arrested in Venezuela
Google turns voicemail into email | Technology |
Google VP named CEO of AOL
UN chief seeks to smooth over 'deadbeat' comment
Foreign Affairs goes online
Suspected US missile strike kills 15 in Pakistan
Time Warner's AOL appoints Google's Armstrong as CEO
Peace Corps worker found dead in west Africa
Sirius XM to roll out iPhone app in second quarter
Iraq court jails Bush shoe-thrower for three years
New Google program turns voicemail into email
German school shooter 'made Internet threat' claim
Seven arrests after Amsterdam 'terrorist' threat
Handcuffed Madoff jailed after admitting fraud
Apple to unveil next-generation iPhone software
U.S. phone companies spar over universal fund fix
Alleged drug kingpin pleads not guilty in Colorado
New coating makes scratches on cars disappear
Video of German gunman's death appears on the Internet
Apple to preview new iPhone software next week
Enel to raise 8 billion euros as net profit jumps
Bangladesh lifts YouTube ban over mutiny row
New Idol' judges veto divides fans | Entertainment |
Anna Nicole Smith's ex-companion, doctors charged | Entertainment |
Chinese rights leader's family 'defects to US'
Pakistani police stop opposition protest convoy
Japan orders navy dispatch for anti-piracy mission
Witch Mountain challenging Watchmen | Entertainment |
Obama calls for more military talks with China
Obama and China's Yang discuss global economic crisis
Aussie politician proves he's still a rock star | Entertainment |
News Corp restructures Fox businesses | Entertainment |
US destroyers to escort ships in South China Sea
Chris Cornell's dance album dismays rock fans | Entertainment |
Obama calls for measures to stop China Sea clashes
New Yorkers shown despair of Baghdad in new play | Entertainment |
North Korea rocket launch plan seen as threat to peace
EU lawmakers urge China to discuss real autonomy with Tibet
Official: US ship in scrape now has armed escort
Premier says China ready with new stimulus package
Taiwan dollar above 3-week high on foreign funds
LG shares up on brokerage note, CEO comments
Korea Hot Stocks
Philanthropist Leonore Annenberg dies at 91
Seoul shares open up after U.S. rise;techs gain
Roberto Bolano's `2666' wins book critics prize
NZ retail sales fall in January, more rate cuts
"Witch Mountain" challenging "Watchmen"
RPT- Q+A
Reeves: Jay Leno may consider 2nd show in Detroit
US, China to cooperate 'closely and urgently'
Angola wins new billion-dollar loan from China
Baltimore Opera pursuing chapter 7, dissolution
Iraq, China open major oil field
Indonesia's president falls ill during trip: spokesman
More Michael Jackson concert dates announced
Rival Indonesia party chiefs meet ahead of polls
NYC's Metropolitan Museum to layoff 74 more people
'Buddha Bar' pressured to close in Indonesia
Champagne advocates protest mislabeling
Indonesian president's party ahead in polls
Little Mermaid bound for China after vote
Marvel delays "Thor," "Avengers"
Sudan says it has located kidnapped aid workers
Hamas, Fatah differ over new government peace commitment | International |
Toll in 'US' missile strike in Pakistan hits 18
Austria says smashes international child porn ring | International |
Israelis support captured soldier's family
Pakistan Taliban say 24 dead in U.S. missile strikes | International |
US still skeptical about global warming: survey
Litvinenko suspect may run for mayor of Olympic city | International |
Obama's arrival shifts US view of IMF
U.N. rights chief points to war crimes in Sri Lanka | International |
Britain sees two-tier G20: report
Former Northern Ireland foes grieve at policeman's funeral | International |
South African gangs use rape to cure lesbians | International |
US still skeptical about global warming: survey
Coating makes scratches on cars disappear | Technology |
Turkish trip intensifies dilemma for Obama
Google to target ads based on online activity | Technology |
Obama calls for measures to stop China Sea clashes
Officials: Obama close to stating new Afghan goals
Online networking more popular than email | Technology |
World Wide Web feels its growing pains
Alabama gunman wrote about killing mom: officials
India's Satyam board meets to discuss takeover
US holds back aid to Nicaragua for 3 more months
Kremlin loyalist says launched Estonia cyber-attack
Canadian chopper crashes in Atlantic with 18 aboard
US military deaths in Iraq war at 4,257
Jackson's 50-gig London UK run sells out | Entertainment |
Pakistan: Opposition should seek reconciliation
Fire at Bangladesh's largest mall kills 1
S.Korea warns Pyongyang against rocket launch
Myanmar PM to visit Indonesia, Singapore
Vietnam protests Philippine territorial law
Stewart, Cramer square off over market meltdown | Entertainment |
Vietnam to launch 300 mln dlr bond sale
Japan joins Somalia anti-piracy mission
Japan factory output dives record 10.2 pct
UN warns of humanitarian crimes in Sri Lanka
Japan hybrid price war looms: report
Dissident lawyer's family flees China to US asylum
Next Malaysia PM's wife says his destiny to lead
Chris Cornell's dance album dismays rock fans | Entertainment |
Oil prices down in Asian trade
17 injured in fire at Bangladesh's largest mall
Witch brews nice blend of action, sci-fi, laughs | Entertainment |
Arroyo signs anti-recession Philippines budget
Jackson's 50-gig London UK run sells out
Malaysia plans new budget airline terminal by 2011
Phelps talks to NBC about marijuana pipe photo
Satyam board discussing takeover bids: spokeswoman
Michelle Obama begins advocacy as first lady
Japan's Nikkei jumps 5 percent on stimulus hopes
Michael Jackson comeback tickets sell out in hours
Japan PM calls for new economic stimulus package
'Brothers at War' opens in military communities
Contempt conviction of 'Peanuts' actress is voided
The revival of soul, 50 years after Motown
Stewart, Cramer square off over market meltdown
Asian police warn of more scams during crisis
Jennifer Aniston and John Mayer end relationship
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01