Madoff May Have An Incentive To Cooperate

A former federal prosecutor says disgraced financier Bernard Madoff could have something to gain by cooperating with authorities.

Brad Simon says investigators need Madoff to help them make fraud cases and unravel his schemes.

Simon is a white-collar defense lawyer who spent nine years as a prosecutor in the federal court. He predicts Madoff will be very busy in federal custody.

Simon says federal agents will work every day to get Madoff to tell them how his schemes worked, who was involved and where more of the money might be.

Simon says it's conceivable that the payback for Madoff is a much lesser sentence than life in prison.

Madoff pleaded guilty Thursday to 11 felony counts, including securities fraud in one of the country's biggest investment scams.

He's jailed pending sentencing.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Kimo Location: Belhaven on Mar 15, 2009 at 07:57 AM
    We can't use "water boarding" on enemy combatants" (or whatever they're called by the change for the sake of change administration) but how about trying it on this piece of trash?? Either that - or maybe we should send him to Turkey for some help with the interrogation.
  • by Anonymous on Mar 14, 2009 at 08:11 PM
    Take him to Afghanistan and put him out in the desert. If he survives OK. If he doesn't, who cares.
  • by Anonymous on Mar 14, 2009 at 04:48 PM
    Wow, I can't believe the people who spent days bad mouthing some people over the Home makeover in Jamesville and NOBODY has anything to say about this slim ball!!!!!!!!!!!!!!!! Take him down along with his wife, sons, brother, ect.
  • by MrT Location: LaNC on Mar 14, 2009 at 03:34 PM
    With the way things go in the crooked Judicial system, it wouldn't surprise me if he ends up with less than 5 years served.
  • by The Wise One Location: NC on Mar 14, 2009 at 01:36 PM
    Of course there is an incentive for the crook. We need to get rid of all of this "corruption in high places".
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