Madoff Sits Down With SEC, Sources Say

(AP Photo/Louis Lanzano)

Madoff reportedly met with SEC Inspector General David Kotz, but when asked about the meeting, would only tell CNN, "We've been making substantial progress in the investigation and plan to issue a comprehensive report very shortly."

The 70-year-old Madoff faces up to 150 years in prison on 11 counts that include fraud, money laundering and perjury. He is scheduled to be sentenced June 29.

Click here for the CNN article.