NEW YORK (AP) - Disgraced financier Bernard Madoff is to plead
guilty and face some of his victims in a New York federal court
Thursday.
Madoff is expected to plead guilty to eleven felonies, carrying
prison terms of up to 150 years.
Federal Judge Denny Chin will also rule on whether Madoff will
await sentencing from home or from jail. He would not be formally
sentenced for several months.
And key questions remain unanswered: Who helped Madoff run one
of the largest investment scams in U.S. history? What happened to
the money?
Alexandra Penney says she's furious with Bernard Madoff. But
she's just as angry with the Securities and Exchange Commission.
The 60-year old artist and former magazine editor said Madoff
took everything she'd saved from the age of 16.
She won't be in court for the guilty plea. She's in Florida.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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