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Madoff to plead guilty in largest ever Ponzi scheme

Bernard Madoff will plead guilty on Thursday to fraud charges related to the largest Ponzi scheme in U.S. history, his lawyer Ira Sorkin said in a court hearing. Madoff, 70, will admit that he directed the fraud, his lawyer said. Prosecutors said Tuesday in Manhattan federal court that it totaled as much as $64.8 billion. The ...

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