(NY Times/DealBook Blog) After a federal magistrate refused to revoke bail on Monday for Bernard L. Madoff, the financier accused of operating a $50 billion Ponzi scheme, signs emerged that his lawyer was actively negotiating a plea agreement that could conclude the baffling fraud case without a trial, The New York Times’s Diana B. Henriques reported.
Federal prosecutors acknowledged in a court order released Monday that Mr. Madoff’s lawyer, Ira Lee Sorkin, is “engaging in discussions concerning a possible disposition of this case.”
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