Madoff to plead guilty to 11 counts


Bernard Madoff's lawyer told a judge today that his client plans to plead guilty to 11 counts this coming Thursday. The list of charges includes money laundering, perjury and securities, mail and wire fraud. Madoff could potentially receive a sentence of 150 years in jail.

The announcement came at a hearing earlier today. Madoff appeared in court for the first time in several weeks to address questions about conflicts of interest with his lawyer. According to the AP, Madoff arrived at the Manhattan court wearing a bulletproof vest, just in case an armed and irate investor was looking for revenge. He also arrived several hours early, to avoid crowds of gawkers, angry investors and media hounds.