Master swindler Madoff to be sentenced on Monday

PAOLA MESSANA | NEW YORK, UNITED STATES - Jun 25 2009 11:14 Thousands of people who lost their life savings in a multibillion-dollar scam will discover on Monday the fate of Wall Street swindler Bernard Madoff, who at 71 could face a 150-year jail term. Madoff's fall from grace since his shock arrest in December will be complete when he returns to a New York courtroom on Monday for sentencing after pleading guilty to one of the biggest, most complex financial scams in history. Once the darling of the markets who was believed to have the Midas touch, the former chairperson of Nasdaq now languishes in a tiny prison cell after admitting to 11 charges of fraud, perjury and theft in March. Among his victims were Hollywood celebrities, international movers and shakers, some of the world's most famous banks and even Jewish... [read full story]                    

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