Bernie Madoff Pleads Guilty To $50 Billion Scheme To De-Fraud Investors (Picture-4229044)

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NEW YORK - MARCH 12: Financier Bernard Madoff arrives at Manhattan Federal court on March 12, 2009 in New York City. Madoff is scheduled to enter a guilty plea on 11 felony counts which under federal law can result in a sentence of about 150 years.(Photo by Stephen Chernin/Getty Images)

NEW YORK - MARCH 12: Disgraced financier Bernard Madoff passes a police barricade as he arrives at court March 12, 2009 in New York City. Madoff was expected to plead guilty to all 11 felony charges brought by prosecutors on financial misdoings, and could end up with a sentence of 150 years in prison. (Photo by Chris Hondros/Getty Images)

NEW YORK - MARCH 12: Disgraced financier Bernard Madoff exits a car as he arrives at court on March 12, 2009 in New York City. Madoff was expected to plead guilty to all 11 felony charges brought by prosecutors on financial misdoings, and could end up with a sentence of 150 years in prison. (Photo by Chris Hondros/Getty Images)

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NEW YORK - MARCH 12: Financier Bernard Madoff arrives at Manhattan Federal court on March 12, 2009 in New York City. Madoff is scheduled to enter a guilty plea on 11 felony counts which under federal law can result in a sentence of about 150 years.(Photo by Stephen Chernin/Getty Images)

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