Financier Bernard Madoff pleads guilty in New York

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)