Bernard L. Madoff has agreed to plead guilty to 11 counts in Ponzi scheme . He faces 150 years in prison for money laundering , fraud and perjury . Prosecutors wo n't confirm plea plans ; defense says it 's a done deal . Prosecutors stressed that there is no plea deal and that Madoff , 70 , will have to forfeit any money he made from his crimes . Comment:
Bernard L. Madoff has agreed to plead guilty to 11 counts in Ponzi scheme . He faces 150 years in prison for money laundering , fraud and perjury . Prosecutors wo n't confirm plea plans ; defense says it 's a done deal . Comment: