Word: plea
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Although a plea deal was widely anticipated, one was never reached, according to U.S. Attorney papers filed with the court. The government apparently never offered a plea deal, or one fell apart...
...Tuesday Chin asked Sorkin if it was his "expectation that [Madoff] will plead guilty" at the hearing on Thursday. "That's a reasonable expectation," Sorkin replied. The judge then said he would decide at the hearing whether to accept the plea and whether to remand Madoff to jail pending sentencing in several months, setting the stage for Madoff's climactic court appearance...
Since reports of the pending hearing surfaced on March 6, the Justice Department has begun to gather victims, saying on its website that they have the right to be "reasonably heard" at any public proceeding "involving release, plea, sentencing or any parole proceeding." The posting requires notice "prior to a plea proceeding scheduled for March...
...judge agrees to Madoff's guilty plea, there could be a delay of six months or more before sentencing, according to Isabelle A. Kirshner, a former assistant district attorney and now a partner at Clayman & Rosenberg, New York...
...possible he could be jailed immediately after his plea hearing this week," said Kirshner. "He's certainly had enough time to get his things in order." If this happens, Madoff would first be sent to either the Metropolitan Correction Center, across from the courthouse, or to Brooklyn's Metropolitan Detention Center, she said...