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Reply #37: Why did Madoff plead guilty? [View All]

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spotbird

(1000+ posts) Send PM | Profile | Ignore

Fri Mar-20-09 08:48 AM
Response to Original message

37. Why did Madoff plead guilty?

The official story that he was protecting his family doesn't make sense. If he wasn't going to cooperate with prosecutors, he could have stayed out of jail, not cooperating, while awaiting trial. It may have taken years for the trial to start, so what was the rush? The government couldn't force him to turn on his wife and kids during a trial. Even if he was found guilty at trial (all but certain) he would then be in the same position he is in now, only two years down the road.

The early plea didn't help his family or himself. What was the real reason?

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