it is important to remember that robert rizzo would go on trial with second in channed.to make a mends to the good citizens of bell and will plead no contest is every bit as good as a guilty plea and now he's going to testify against angela spochy saying she in fact was the mastermind of all of the greed. remember rizzo's composition was a million and spochy making 500,000. they were managing the city. he owned race horses and a ranch in seattle. he will agree to a 10 or 12 year prison term but means he will serve 5 or 6 and he will pay 3.2 million in restitution and now he's broke, bell will not get that money either. but his attorney said he feels great about the plea, watch. >> he is remorseful. he is relieved he will not be in trial and he can accept responsibility publicly and openly and express to the public at large, that you know, he understands that there should have been more transparency under his leadership than was. >> as for angela spachia. her legal strategy is same as risio. and she will blame him as mastermind and reaction in city of bell is mixed. one c

robert rizzo pleading no contest to 64 felony charges, including perjury, misappropriation of publicll be sentenced to up to 12 years in jail and will be required to pay back the city up to $3.2 million. prosecutors say he handed out millions of dollars in unauthorized loans to himself and other employees. >>> well, it took more than 140 characters but twitter outlined plans for its much talked about ipo. it's planning a billion dollar stock market debut. the company shows revenue of $250 million in the first six months of the year but a net loss of 70 million because of expenses and slowing growth. the ipo is expected to be the most desirable since facebook' debut last may. >>> a husband and wife team arrested for a home invasion and robbery at a multimillion dollar mansion in coral gables, florida. police say this man and his wife drove to a mansion together last week. he entered that home, tied up the owner and took off with $400,000 worth of jewelry and the victim's $200,000 astin martin. this was not a random crime. he apparently once worked with the victim's husband. >>> we wan