Bernard Madoff, the broker accused of the biggest investment fraud in history, is set to plead guilty on Thursday to 11 federal felony charges that could carry a life sentence. Madoff, 70, however, has not reached a plea agreement with federal prosecutors investigating what he described in December as a $50bn Ponzi scheme.

This entry was posted by Gwen Robinson on Wednesday, March 11th, 2009 at 4:59 and is filed under Capital markets, Hedge funds, People. Tagged with Bernard Madoff. Edit this entry.