Helicopters, photographers, tai chi, oh my! Listen to WNYC's Arun Venugopal describe the scene outside the Lower Manhattan courthouse where Bernard Madoff later pled guilty to fraud, saying he was 'sorry and ashamed.' Madoff told the judge he began the fraud in response to a recession, but believed it would be short-lived. 'As the years went by, I realized my risk, and this day would inevitably come,' he said. 'I cannot adequately express how sorry I am for my crimes.' Madoff was remanded to jail.
Sentencing is set for June 16.