Madoff To Plead Guilty

Madoff to plead guilty

CNN's Allan Chernoff reports

Bernard Madoff intends to plead guilty at a hearing tomorrow. But, he's not cutting a deal with prosecutors and not agreeing to cooperate with government investigators. The government is investigating to determine who else may face charges.

Madoff won't be sentenced right away. Judge Denny Chin says it could be several months before a sentencing hearing is held that will likely sent Madoff to prison for the rest of his life. Until then, he remains under house-arrest in his luxurious New York apartment.

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