Temple City pol pleads guilty to perjury

One-time state Assembly candidate and former Temple City council candidate Scott Carwile has pleaded guilty to perjury and has agreed to testify against other Temple City officials charged in a corruption probe that has already taken down one councilman and threatens two others, Mayor Judy Wong and former mayor Cath Wilson.

Madoff pleads guilty

As was anticipated, Bernard Madoff today pleaded guilty to bilking investors out of an estimated $65 billion. From the Los Angeles Times:

The former chairman of the Nasdaq stock exchange, Madoff acknowledged 11 felony counts, including securities fraud, money laundering and perjury, that allege he cheated nearly 5,000 clients out of as much as $65 billion, according to federal prosecutors. There is no agreement on sentencing, but Madoff, 70, could spend the rest of his life in jail for running what officials have said may be the nation's biggest and most costly Ponzi scheme.