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After Guilty Plea, Madoff Sentencing Set For June 16

Bernard Madoff has pleaded guilty to all 11 charges in the largest fraud case in Wall Street history. The former New York money manager is accused of stealing billions of dollars from thousands of investors in what he himself has described as a Ponzi scheme.

U.S. District Judge Denny Chin scheduled a June 16 sentencing for Madoff but also ordered him immediately jailed pending the sentencing.

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As NPR's senior national correspondent, Linda Wertheimer travels the country and the globe for NPR News, bringing her unique insights and wealth of experience to bear on the day's top news stories.
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.