Bernard Madoff sentenced to maximum 150 years in prison for vast fraud

By Larry Neumeister,Tom Hays, The Associated Press Bernard Madoff has been sentenced to 150 years in prison for his multibillion-dollar fraud scheme. THE ASSOCIATED PRESS/Louis Lanzano, File NEW YORK - Historic swindler Bernard Madoff was sentenced to 150 years in prison Monday 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 punishment. Scattered applause and whoops broke out in the crowded Manhattan courtroom after U.S. District Judge Denny Chin issued the maximum sentence to the 71-year-old defendant, who said he lives "in a tormented state now, knowing all the pain and suffering I've created." Chin rejected a request by Madoff's lawyer for leniency and said he disagreed that victims of the fraud were seeking mob vengeance. "Here the... [read full story]                    

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