FROM Peter Henning
Bernard Madoff: Behind Bars After pleading guilty to 11 felony counts in federal court today, Bernard Madoff did not go home to his Upper East Side apartment, but to jail, until he is sentenced on June 16. In the courtroom, he explained how his scheme worked and what he did with the money. Madoff cheated 4800 people out of billions of dollars. Is it possible he did it alone? How could the SEC have investigated and found nothing wrong? Is it enough to blame him? What's being done to make sure this doesn't happen again?
Bernard Madoff: Behind Bars Bernard Madoff told a federal court he was "ashamed" and "sorry," but that his massive Ponzi scheme was designed to "satisfy" his "clients." The judge accepted Madoff's guilty plea to 11 felony charges , revoked his bail and sent him to jail to await sentencing on June 16. Madoff cheated 4800 people out of billions of dollars. Is it possible he did it alone? How could the SEC have investigated and found nothing wrong? Is it enough to blame Madoff? What's being done to make sure this doesn't happen again?
Enron Verdicts The Enron case took four months to try, but the jury needed just 31 hours to reach its verdicts. Enron founder Ken Lay is guilty on all six counts of fraud and conspiracy in the loss of $60 billion from the collapse of his company. Former CEO Jeffrey Skilling is guilty on 19 of 28 charges of fraud, conspiracy and insider trading. After sentencing on September 11, they could spend the rest of their lives in prison. Attorney Dan Petrocelli promised "a full and vigorous appeal." The Enron collapse cost $60 billion in corporate value; $2.1 billion in pensions and 5600 jobs. We speak with federal prosecutors, former employees, and others about the latest development in a series of scandals that have rocked corporate America.
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?