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.
