Tonight on AC360°, Madoff’s confession. Today the former Nasdaq chairman and Wall Street fat cat pleaded guilty to defrauding thousands of investors out of 65 billion dollars. He said he knew what he did was wrong and fully expected this day to come. Tonight he’s in jail, awaiting his June sentencing. He faces up to 150 years. Considering he’s 70 years old, he’ll likely die in prison. But confessing to the massive Ponzi scheme won’t bring his victims’ money back. We’ll be digging deeper into the story tonight. We’d love to hear your thoughts on Bernie Madoff. We want to keep the live blog on this one topic. So, please share your thoughts on Madoff’s guilty plea below.
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