Bernard Madoff Sentenced to Maximum for Ponzi Scheme: 150 Years in Prison 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." Madoff said his wife Ruth... [read full story]
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From The Business Insider, June 29, 2009:The book is thrown. The Ponz-father Bernie Madoff has been sentenced to 150 years in prison. There was never much chance that Bernie Madoff would get anything other than life. And in...
Bernard Madoff, 71, was today sentenced to 150 years in prison after defrauding investors of billions in the largest Ponzi scheme in US history. He told US District Judge Denny Chin he had no excuses. "I don't ask for any...
Convicted swindler Bernard Madoff was sentenced to 150 years in prison today for fraud so extensive that the judge said he needed to send a symbolic message to those who might imitate his fraud and to victims who need relief.
NEW YORK - Bernard Madoff was sentenced to 150 years in prison for his multibillion-dollar fraud scheme in a court room here today, which means the 71-year-old will spend the rest of his life behind bars. "I cannot offer an...
By Steven Edwards, Canwest News ServiceJune 29, 2009 12:11 PM Photograph by: File, AFP/Getty Images NEW YORK — Applause erupted in a Manhattan federal courtroom Monday as a federal judge sentenced Bernie Madoff — history’s...
Financier Bernard Madoff was sentenced to 150 years in prison by U.S. District Court Judge Denny Chin on Monday for perpetrating Wall Street's biggest and most brazen investment fraud. His wife was ordered to sell off some of...
In this Wednesday, Jan. 14, 2009 file photo, Bernard L. Madoff, the accused mastermind of a $50 billion Ponzi scheme, leaves Federal Court in New York. Historic swindler Bernard Madoff was sentenced to 150 years in prison...
U.S. District Judge Denny Chin: 'Massive' Breach Of Trust Madoff's Apology: I 'Will Live With This Pain, This Torment, For The Rest Of My Life' Disgraced financier Bernard Madoff has been sentenced to 150 years in prison for...
THE NEW YORK TIMES By Jack Healy A federal judge sentenced Bernard L. Madoff to 150 years in prison on Monday for operating a huge Ponzi scheme that devastated thousands of people, calling his crimes “extraordinarily evil”. In...
JURIST] Disgraced financier Bernard Madoff [JURIST news archive] was sentenced Monday to 150 years in prison on securities fraud charges [complaint, PDF; JURIST report] stemming from his alleged multi-billion dollar Ponzi...
