Due to appear in federal court Thursday, Bernard Madoff seems set to plead guilty in the multibillion-dollar Ponzi scheme that shocked the nation. If Madoff has pledged to cooperate with the government in a plea deal, it would signal that the government considers the investigation far from over and may be close to obtaining charges against others in the scheme. One issue still to be resolved: prosecutors' allegation that Madoff's lead defense lawyer has a conflict of interest in his representation of Madoff.
Madoff Waives Indictment, Set to Plead Guilty
New York Law Journal
March 9, 2009