Bye, bye Bernie. Bernie Madoff, pretty much the most hated man in America for orchestrating the biggest financial swindle in Wall Street history, has plead guilty to charges related to his $65 billion Ponzi scheme, and was ordered to jail to await a sentencing. He could be in prison for the rest of his life: Madoff pleads guilty to fraud.
One related note about this high-profile case is that it's being presided over by U.S. District Court Judge Denny Chin. Appointed in 1994 by President Clinton, he's the first Asian American appointed as a U.S. District Judge outside of the Ninth Circuit.
Now, Chin has the task of handling one extremely nasty case, where everyone is looking for a scapegoat for the nasty state of our economy. He's ordered that Madoff should be jailed while awaiting sentencing, scheduled for June 16. See ya, sucka. Your justice will be served by Judge Denny Chin.
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