Bernie Madoff was jailed after pleading guilty to 11 criminal counts related to a Ponzi scheme that bilked as much as $65 billion from investors. Sentencing is set for June 16, although MSNBC legal analyst Susan Filan Tweeted that the growing investigation will likely delay that.
NBC News produced a special report for the network at 11:19amET at the culmination of the court appearance. Lester Holt anchored.
All the cable news and business channels have been covering the news as well — but Fox Business Network reported it first at 11:11amET, nearly two minutes ahead of others.
As for how the broadcast networks reported Madoff’s arrival at the courthouse, NBC’s Today show and CBS’s The Early Show covered it live at 7:19amET, while ABC was finishing up a report on their “Big” series before going to commercial. Coming out of the break, New York’s WABC covered live the aftermath of the arrival.