Billion-Dollar Questions on Madoff Must Be Answered

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Byline: Chris Blackhurst CITY EDITOR

BERNARD Madoff must hope that, by pleading guilty, he draws a veil over his frauds.

That must be the only explanation for his behaviour. It's not like he is going to get a shorter sentence that will make any difference to him -- he is 70 years old and he will almost certainly spend the rest of his life in jail.

His bluff should be called: the investigation must continue because there are gaping holes in the Madoff affair.

We're led to believe he acted entirely alone, that he created false tickets for investments he never made, to cover up his giant Ponzi scheme -- using money from some investors to make …