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A guilty plea is likely to be forthcoming from accused swindler Bernard Madoff, CNBC has learned, and the U.S. Attorney's Office has posted on its Web site information about his alleged victims' rights.
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Click Here for Information from the US Attorney's Office on Madoff Victims' Rights
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Madoff, accused of perpetrating the biggest Ponzi scheme of all time, is scheduled for two court appearances next week. The first is in regard to a potential conflict of interest regarding his attorney, Ira Sorkin. The hearing will be on Tuesday. Madoff's arraignment is scheduled on Thursday at 10 a.m. New York time.
Madoff took the first public step to a guilty plea on criminal charges of running a $50 billion investment fraud over many years, according to court papers on Friday.
A document filed in U.S. District Court in Manhattan said U.S. prosecutors intend to file a criminal "information" in their case against Madoff "upon the defendant's waiver of an indictment."
There was no indication when the information would be filed. Such a document is typically filed when a defendant is expected to plead guilty.
Prosecutors have until March 13 to indict Madoff or reach a plea agreement.
However, even if there is a plea agreement, that will be far from the end of the investigation.
A federal law enforcement official told CNBC, "We are dug in deep."
Legal experts and law enforcement sources have told CNBC that any eventual plea agreement could include cooperation with authorities investigating conspiracies outside the immediate Madoff scheme.
Madoff's lawyers were not immediately available to comment. The U.S. Attorney in New York declined comment.
—Reuters Contributed to this Story
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