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Richard Friedman lost more than $3 million to Bernard Madoff's investment scheme. Following the disgraced broker's guilty plea Thursday, Friedman said he hopes Madoff lives a long time.

"He is going to be sentenced for 150 years. I hope he lives a very long life," said Friedman, one of several victims who was allowed to sit in the courtroom for Madoff's plea.

Madoff, 70, pleaded guilty to charges that he swindled investors through his firm, Bernard L. Madoff Investment Securities LLC. Investigators said he didn't invest any of his clients' funds into securities for more than 13 years. Read full article »

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