Disgraced Wall Street financier Bernie Madoff, 70, was led away in handcuffs today after pleading guilty to 11 felony charges in Manhattan federal court.

Madoff, who swindled wealthy clients such as Chris Lighty and 50 Cent out of a total of $65 billion, confessed his elaborate Ponzi scheme to his son 3 months ago.

U.S. District Judge Denny Chin ordered that Madoff be jailed while he awaits sentencing on June 16.

Madoff had been free on $10 million bail and living it up on house arrest in his $7 million penthouse. He faces up to 150 years in prison when sentenced, and will likely die behind bars.

  • Kymystry

    part of his punishment should be he HAS to accpet daily visits from ALL of the folk he swindled ...

  • PAHairston

    Hello all. Ohhhhh but they can jail our brothers for yrs and yrs and yrs for trying to make a dollar on the corner selling drugs but this man? He can make a $10 million bail for stealing 80 billion over a 25 yr period and he's just getting caught?! Double standards, how I loathe double standards.

    PS I know a guy I went to high school with, back in the 70s, and he got caught for drugs and gun-running and he's still serving time. Mine you, he didn't kill anyone. Does it take almost 40 years to rehabilitate someone for selling drugs? The whole justice system is fuched up, period. Cigarettes and alcohol will remain legal. How many people have died from smoking pot? NONE!!!!!!!!!!!!!!!!!!!!!!!!! You do the math. I'm just saying, from one head to another. Peace.

  • Buttercup417

    Serves him right taking all those peoples money!!! Don't drop the soap sucka!

  • Sharonda

    How can you master the ponzi scheme like this man.I can imagine how many people trying to do it now.This man is crazy.

  • KaraZ

    Umm PAHairston, my brother(male relatives) aren't trying to make a dollar selling drugs or through any illegal means, they're not stupid.

    Watch this Madoff guy do some hateful shlt like die right when he's supposed to go to jail.

  • iscream

    how I wish there was a way to keep him alive for the whole 150 years. His corpse needs to be behind bars.

    @ PA you know the system is designed to keep the black man in jail. First time killers get less time than 40 years.

    Lol, from one head to another...

    I hate those commercials "live above the influence." They know good and darn well those white kids are doing more than smoking weed.

  • starr

    I hope they get his wife now!!!! As if i'm suppose to believe that bytch ain't know ish, but withdrawl 15 mill day before he's arrested......

    Those people wanna piece of him, and i don't blame em

  • ReadTheBlog

    Steal billions from hundreds and live cush in your penthouse - POSESS ONE OUNCE OF BUD AND SPEND 30 YEARS IN JAIL!

    They should divvy up all of his assets and distribute them amongst all those he's schemed - even if it results in everyone getting one dollar. At least he would have made some attempt to pay people back! Didn't Kevin Bacon and his wife get ripped of all their savings behind this guy? I remember someone saying that they had nothing but what was in their immediate accounts - all life savings were GONE!

    on the flip side, if this cracka would have ripped off some poor folk hoping to get rich, NOTHING WOULD HAVE HAPPENED AT ALL!

  • masonmom

    good thing i didnt invest my $28.39, those folks who got swindled just got greedy. if you only invested 100k and got 100 MILLION in returns within 4 months why would you let him keep ALL the "profit" thinking you gonna flip it into 200 million? phks that, i wouldve took the "profit" and kept some in the same pot and spread the rest to another investor! dont put ur eggs in one basket!