Bernard Madoff's Right Hand Man Pleads Guilty, Will Tell All

August 11, 2009— -- Bernard Madoff's right hand man in his monumental Ponzi scheme, Frank DiPascali, will "tell all and name names" under the terms of a guilty plea deal announced today in federal court in New York City.

DiPascali apologized for his actions and described the transactions as "all fake. It was all fictitious. It was wrong, and I knew it was wrong at the time."

Dressed in a dark suit, DiPascali entered pleas of guilty to ten counts and the judge rejected a request by prosecutors that he be allowed to post bail. He was immediately ordered to jail and was handcuffed and led out of the courtroom, leaving everyone surprised.

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Click here to see the letter to the judge from prosecutors.