Word: prisons
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...unexpected guilty plea without a plea deal, the multiple counts - which include mail fraud, wire fraud, securities fraud and money laundering, among others - and the potential prison term were revealed at what was supposed to be a minor hearing about a potential conflict of interest between Madoff and Sorkin. The lawyer and his father, now deceased, once invested with Madoff. The judge waived the conflict. (See 25 people to blame for the financial crisis...
Bernard Madoff's lawyer, Ira Sorkin, told U.S. District Judge Denny Chin on Tuesday that Madoff expects to plead guilty to charges that will put him in prison for up to 150 years. (Watch the video of Madoff pleads guilty...
...While the alleged crimes are not novel, the size and scope of Mr. Madoff's fraud are unprecedented," Dassin said. "As a result, Mr. Madoff faces 150 years in prison, mandatory restitution to the victims of his crimes, forfeiture of his ill-gotten gains and criminal fines. The government has not entered into any agreement with Mr. Madoff about his plea or sentencing. The filing of these charges does not end the matter. Our investigation is continuing...
...things go according to plan, Madoff, 70, will spend the rest of his life behind bars at a federal prison. The Bureau of Prisons decides where a criminal ends up, based on a formula and any special security needs. One possible spot is a medium-security facility in Otisville, N.Y. Often referred to as Club Fed, the prison is located 70 miles northwest of New York City and generally handles white-collar criminals from the Southern New York Judicial District...
...attacks, coupled with their lethal effectiveness and high casualty rates, may signal the resumption of a reinvigorated insurgency that has had time to regroup. A source close to the insurgency told TIME that sleeper cells in and around the Sunni stronghold of Abu Ghraib - site of the infamous prison now renamed the Baghdad Central Prison - have been planning renewed attacks for months. Tuesday's strike in the marketplace was carried out by the sheik of a local extremist Takfiri mosque, a man in his 20s named Abu Taymiyeh, the source claimed. The allegation could not be independently verified...