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Bernard L. Madoff pleaded guilty Thursday to all the charges against him in a vast Ponzi scheme that bilked investors out of billions of dollars.

Standing before Judge Denny Chin in United States District Court in Manhattan, Mr. Madoff was sworn in and reminded that he was under oath. Noting that he had waived indictment, Judge Chin asked, “How do you now plead,” guilty or not guilty?

“Guilty,” Mr. Madoff responded. (The New York Times)