The Bernard Madoff probe could be expanding, as we told you yesterday. But it doesn’t look like prosecutors are getting any help from the man himself.
Bloomberg reports that Madoff, who will plead guilty in a Manhattan federal courthouse today, has not agreed to a plea deal, because prosecutors were demanding he admit to a conspiracy, meaning admitting he worked with others.
Madoff, 70, will plead guilty to all 11 counts he faces, and could receive up to 150 years in jail.
Prosecutors have not at this point alleged a conspiracy, in which two or more people agree to commit an illegal act, nor have they charged anyone except Madoff. But according to Bloomberg’s sources, they have said Madoff didn’t act alone. And in court documents, they alleged he told employees to create false account documents and trade confirmations, and to create false financial statements to fool regulators.
The Daily Beast reported Tuesday evening that the investigation had widened to include co-conspirators, but it remain unclear exactly what that means, or what evidence prosecutors have compiled.
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