Madoff leaves court, after lawyer says will plead guilty in financial scandal

Описание: (10 Mar 2009)
1. Entrance to Federal Court
2. Media gathered outside court
3. Wide exterior of court
4. Former Nasdaq chairman, Bernard Madoff leaving court
5. Various of Madoff walking past media and getting into car and driving away
6. Madoff's lawyer, Ira Sorkin (carrying black bag), walking away
STORYLINE:
In a courtroom surprise, it was revealed on Tuesday that Bernard Madoff will plead guilty Thursday to securities fraud, perjury and other crimes, knowing that he could face up to 150 years in prison for one of the largest frauds in history.
The revelation came as prosecutors unveiled an 11-count charging document against the 70-year-old former Nasdaq chairman, and as his lawyer, Ira Sorkin, told a judge that Madoff planned to plead guilty this week without a plea deal.
Madoff made no comment as he left the Federal Court in New York.
Madoff has been under house arrest in his 7 (m) million (US) dollar Manhattan penthouse since he was arrested in early December after authorities said he confessed to his family that he had carried out a 50 (b) billion (US) dollar fraud.
In court documents filed on Tuesday, prosecutors raised the size of the fraud to 64.8 (b) billion, an amount recounted in apparently false statements from November 2008.
Authorities reviewing the finances of Madoff's business say the actual loss was more likely much less and that higher numbers reflect false profits he promised investors.
So far, authorities have located about 1 (b) billion for jilted investors.
US District Judge Denny Chin said he would not sentence Madoff on Thursday, and he would limit investors who want to speak at the hearing to those challenging whether the plea should be accepted or whether Madoff should be allowed to remain on bail pending sentencing.

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