Bernard Madoff

Video: Madoff jailed after plea

 

 
  Ex-financier Madoff jailed after guilty plea  
 

Bernard Madoff, a now-disgraced US financier, has pleaded guilty to – and apologised for – what has been billed as one of the biggest fraud schemes on Wall Street.

Madoff was remanded into police custody after admitting to his part in the multi-billion dollar swindle.

From New York, John Terrett reports.