Bernard Madoff is in jail tonight. It may be small consolation for the thousands of people he defrauded, but it is something. The tiny cell he’s confined to is a far cry from his $7 million penthouse on Manhattan’s Upper East Side.
Madoff pleaded guilty today in front of a packed courtroom in New York. He also recounted details of his massive Ponzi scheme, including how and when it started. Madoff told the court he knew what he did was wrong, saying: "I realized that my arrest and this day would inevitably come."
The 70-year-old former Nasdaq chairman will be sentenced in June and could face up to 150 years in prison. So far, authorities have located only about $1 billion for Madoff’s investors, some of whom lost their life savings
Three of Madoff’s victims were allowed to speak today in court; Madoff did not look at any of them.
After the hearing was over, Burt Ross, a lawyer from Englewood, N.J., who lost $5 million in Madoff's swindle, told the Associated Press: "It's a little bit like seeing the devil."
Tonight on 360 we’ll have several reports on the Madoff story, including all the details inside the courtroom.
Also tonight, a truly chilling 360 Dispatch. Ed Lavendera reports on American teenagers working as hit men for Mexican drug cartels. Some are as young as 13 when they do their first hit. The cartels recruit these teens just across the U.S. border with Mexico, where cantinas and clubs are a draw for young Americans. In Ed’s report, you’ll meet two teens now serving long prison terms. Prosecutors say worked they for the Zetas, a group of former Mexican special military forces that do the dirty work for the notorious Gulf Cartel. One of the teens told investigators the Zetas are moving their operations deeper into the U.S.
Join us at 10 p.m. eastern for these reports and more.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with