Bernie Faces Victims and Apologizes, Says There's No Excuse For His Fraud By BRIAN ROSS, RICH ESPOSITO and MEGAN CHUCHMACH to the maximum 150 years in prison for the $65 billion fraud that swindled his many devastated victims. The former NASDAQ chairman receives maximum sentence for investment fraud. Judge Denny Chin said the sentence was a symbolic one for a crime that showed "extraordinary evil" and "took a staggering human toll." Madoff, addressing the court in a dark suit, white shirt and black tie for about six minutes, said that when he started the scam, he thought he'd be able to "work my way out." He said he lives in a tormented state and expressed regret of leaving a "legacy of shame" to his family and grandchildren." He maintained... [read full story]
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NEW YORK -- Inside a packed Manhattan courtroom, Miriam Siegman and eight other victims of Bernard Madoff directed their anger at the 71-year-old disgraced financier. Even before the one-time financier was sentenced to 150...
NEW YORK (AFP) - Wall Street swindler Bernard Madoff was sentenced to 150 years in jail Monday for masterminding an "evil" multi-billion-dollar investment scam that cheated thousands of people around the world.
Chin rejected a request by Madoff's lawyer for leniency and said he disagreed that victims of the fraud were seeking mob vengeance. The judge said the estimate that Madoff has cost his victims more than $13 billion was...
NEW YORK - Historic swindler Bernard Madoff was sentenced to 150 years in prison today for a fraud so extensive that the judge said he needed to send a symbolic message to potential imitators and to victims who demanded harsh...
Bernard Madoff gets the maximum sentence for his Ponzi scheme A federal judge closed the book today on the largest fraud case Wall Street has ever seen, sentencing Ponzi-scheme mastermind Bernard Madoff to the maximum term of...
As you probably know by now, Bernard Madoff was sentenced to 150 years in prison for orchestrating the largest ponzi scheme in history. The sheer size and scope of Madoff's $68 billion fraud, in which thousands of investors...
They trusted him, and he betrayed them. Bernard Madoff's victims have waited a long time for this day, watching as the disgraced financier was sentenced to 150 years in prison. Many lost their entire life savings in Madoff's...
Related • Madoff gets maximum 150 years in prison Excerpts from statements made by victims of Bernard Madoff's financial fraud. Madoff was sentenced to 150 years in prison. "I was introduced to Bernard Madoff 21 years ago at a...
Published: 3:45AM Tuesday June 30, 2009 Judge imposes maximum prison term allowed Cheers and applause from spectators in courtroom Madoff says he has left a "legacy of shame" Ruth Madoff says she feels betrayed by husband's...
By Steven Edwards, Canwest News ServiceJune 29, 2009 4:04 PM Disgraced financier Bernard Madoff stands during his sentencing hearing in New York in this court artist's sketch on Monday. The courtroom erupted in cheers and...
