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Madoff takes step toward guilty plea

Accused swindler waives right to have grand jury hear case

Without a deal, Bernard Madoff faces life in prison if convicted. Without a deal, Bernard Madoff faces life in prison if convicted. (Shannon Stapleton/Reuters/file 2008)
By Beth Healy
Globe Staff / March 7, 2009

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New York investment manager Bernard L. Madoff appears to be close to pleading guilty to swindling clients out of billions of dollars, after federal prosecutors yesterday said he is waiving his right to have his case reviewed by a grand jury. (Full article: 618 words)

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