March 12, 2009
Madoff: Who Is Taking Responsibility in the Allocution?
Posted by David Zaring
Defendants take responsibility for their crimes in the allocution that accompanies their pleas, but, as Miriam Baer observes, here's what Bernard Madoff said today in his:
“While I never
promised a specific rate of return to any client, I felt compelled to satisfy
my clients' expectations at any costs.”
Which might go under the headline of blaming the victims.
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