Monday, March 9, 2009

2 dozen victims seek to be heard at Madoff plea


NEW YORK - (Business Week) Federal prosecutors say they've received more than two dozen e-mails from investors seeking to speak Thursday when Bernard Madoff is expected to plead guilty. Prosecutors described the e-mails in a letter to Judge Denny Chin, who sent notification to investors last week saying they could speak Thursday. Prosecutors say they have received 25 e-mails from investors asking to be heard. They did not say if each e-mail pertains to a single investor or multiple ones. The 70-year-old former Nasdaq chairman was arrested in December on a securities fraud charge. Prosecutors say he confessed to family members that he had run a $50 billion Ponzi scheme for years.

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