Bernard L. Madoff

Bernard L. Madoff arrives at the federal court in Manhattan. A chastened and contrite Madoff was taken off to jail Thursday after pleading guilty to running a multibillion-dollar Ponzi scheme, which he said began in the 1990s during an economic downturn.

( Louis Lanzano / Associated Press / March 12, 2009 )

Bernard L. Madoff arrives at the federal court in Manhattan. A chastened and contrite Madoff was taken off to jail Thursday after pleading guilty to running a multibillion-dollar Ponzi scheme, which he said began in the 1990s during an economic downturn.

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