Bernie’s in jail and officials in Fairfield are happy about it but they are not giving up on trying to get back money they lost in the scam.
Because of the disgraced investor Bernard Madoff’s sketchy Ponzi scheme, the town lost about $42 million in pension funds.
Town officials also want any accomplices charged.
Fairfield First Selectman Kenneth Flatto says "it's about time that he is being put in jail." But Flatto says he's disappointed that Madoff is refusing to cooperate with investigators and identify the his alleged accomplices.
Saying he was "deeply sorry and ashamed," Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history.
Flatto says he believes the town has a good case for recovering its money.