Law Professor Tamar Frankel, an authority on securities law and legal ethics who is writing a book on Ponzi schemes, says Bernard Madoff is smart to plead guilty.
“It seems that Madoff’s strategy is to confess, shorten all proceedings as much as possible, avoid jury trial almost at all costs, perhaps serve some time in prison – if impossible to avoid – and then life will start again. He did not take the route that Enron’s management has taken, to deny and protest the innocence that was not there. Wiser for him.”
Contact Tamar Frankel, 617-353-3773, email@example.com