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Pleading the 5th generally means a person is using their Fifth Amendment protection against self-incrimination. It allows you to refuse to answer questions during a criminal trial to avoid accidentally confessing to the crime.
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offence to be ...
The Fifth Amendment It states that serious criminal charges must be started by a grand jury. A person cannot be tried twice for the same offense (double jeopardy) or have property taken away without just compensation.
In a more formal setting, such as a deposition or hearing, the person might say: ?On the advice of counsel, I invoke my fifth amendment privilege against self-incrimination and respectfully decline to answer your question.?
For instance, in Gardner v. Broderick (1968), the New York City Police Department was held to have violated the Fifth Amendment rights of a police officer when it fired him after he refused to waive the Privilege and testify before a grand jury that was investigating police corruption.