Victims Of Madoff Scam Talk To Good Day NY

MYFOXNY.COM -  A Long Island family who lost their life savings with Bernard Madoff told Good Day NY they diligently invested money with Madoff every chance they could.

(Watch the video, left, for an interview with the D'Agostino family.)

MADOFF VICTIMS OUTSIDE COURT HOUSE

Hundreds of people lined up outside federal court in lower Manhattan Thursday morning to witness accused swindler Bernard Madoff make his plea before a judge.

(Watch the video):

Financier Bernard Madoff arrived at the federal courthouse Thursday morning where he is expected to plead guilty to swindling billions of dollars in one of the largest investment schemes in U.S. history.

Madoff is scheduled to enter his plea in U.S. District Court in lower Manhattan Madoff's lawyer has indicated he will admit guilt on 11 felony counts, which would lead to a sentence of around 150 years under federal guidelines.

Some victims in the scandal say that his expected guilty plea in the case is not enough. They want the accused Wall Street swindler to name any accomplices who helped him pull off his multibillion-dollar securities fraud.

Adriane Biondo, a former investor from Los Angeles said, "I'd like to say that I have faith in the system. I have to wonder out loud, though. He's going to go to jail. He's going to spend the rest of his life in jail. Is that justice?

Other victims also want Madoff to apologize and turn over family assets that might be used to pay bilked investors.  The deal is not part of a plea bargain, though.

That means he may not have to cooperate as the investigation continues.

CLICK HERE FOR COMPLETE COVERAGE OF THE MADOFF SCANDAL

CLICK HERE FOR LIST OF VICTIMS

List of the charges brought by federal prosecutors against Bernard Madoff:

Count One: Securities Fraud

Maximum penalty: 20 years in prison, fine of the greatest of $5 million or twice the gross gain or loss from the offense, and restitution.

Count Two: Investment Adviser Fraud

Maximum penalty: 5 years in prison, fine of the greatest of $10,000 or twice the gross gain or loss from the offense, and restitution.

Count Three: Mail Fraud

Maximum penalty: 20 years in prison, fine of the greatest of $250,000 or twice the gross gain or loss from the offense, and restitution.

Count Four: Wire Fraud

Maximum penalty: 20 years in prison, fine of the greatest of $250,000 or twice the gross gain or loss from the offense, and restitution.

Count Five: International Money Laundering To Promote Specified Unlawful Activity

Maximum penalty: 20 years in prison, fine of the greatest of $500,000 or twice the value of the monetary instruments or funds involved, or twice the gross gain or loss from the offense, and restitution.

Count Six: International Money Laundering To Conceal And Disguise The Proceeds Of Specified Unlawful Activity

Maximum penalty: 20 years in prison, fine of the greatest of $500,000 or twice the value of the monetary instruments or funds involved or twice the gross gain or loss from the offense, and restitution.

Count Seven: Money Laundering

Maximum penalty: 10 years in prison, fine of the greatest of $250,000 or twice the gross grain or loss from the offense, and restitution.

Count Eight: False Statements

Maximum penalty: 5 years in prison, fine of the greatest of $250,000 or twice the gross gain or loss from the offense, and restitution.

Count Nine: Perjury

Maximum penalty: 5 years in prison, fine of the greatest of $250,000 or twice the gross gain or loss from the offense, and restitution.

Count 10: Making A False Filing With The Securities and Exchange Commission

Maximum Penalty: 20 years in prison, fine of the greatest of $5 million or twice the gross gain or loss from the offense, and restitution.

Count 11: Theft From An Employee Benefit Plan

Maximum Penalty: 5 years in prison, fine of the greatest of $250,000 or twice the gross gain or loss from the offense, and restitution.