Bernard Madoff pleads guilty (15 images)

Bernard Madoff arrives at Federal Court where he is expected to plead guilty to securities fraud charges on March 12, 2009 in New York. Victims will also be in court to testify against the disgraced financier who is accused of masterminding a $50 billion Ponzi scheme. (UPI Photo/Monika Graff)

The artists drawing is presented to the media outside Federal Court where Bernard Madoff plead guilty to securities fraud charges in New York City on March 12, 2009. (UPI Photo/John Angelillo)

Ponzi Scheme victim Cynthia Friedman speaks to the media outside Federal Court where Bernard Madoff plead guilty to securities fraud charges in New York City on March 12, 2009. (UPI Photo/John Angelillo)

Judith Wellin talks about how she lost her investments because of Bernard Madoff after the disgraced financier pleaded guilty to securities fraud and perjury charges on March 12, 2009 in New York. Madoff, who masterminded a multi-billion dollar Ponzi scheme, is heading to jail and will be sentenced on June 16 where he could face up to 150 years. (UPI Photo/Monika Graff)