Madoff Sentenced To 150 Years In Prison

Fraud Bernie Madoff BREAKING NEWS Bernie Madoff apologized for stealing people's retirement savings in a his multibillion-dollar fraud scheme saying he "will live with this pain this torment for the rest of my life."

by The Associated Press

Published: Mon, June 29, 2009 - 9:32 am CST Last Updated: Mon, June 29, 2009 - 9:50 am CST

NEW YORK (AP) - Bernard Madoff has been sentenced to 150 years
in prison for his multibillion-dollar fraud scheme.
U.S. District Judge Denny Chin handed down the sentenced in New
York on Monday.

NEW YORK (AP) - Bernard Madoff has apologized to his family and
to the victims of his multibillion-dollar fraud scheme.
The 71-year-old financier said Monday at his sentencing that he
"will live with this pain, this torment, for the rest of my
life."
Madoff says that he dug himself "deeper into a hole" as the
scheme progressed.
Attorney Ira Sorkin says the 150 years in prison recommended by
prosecutors or the 50 years recommended by the federal probation
department are excessive.
Victims who lost millions of dollars earlier urged a stiff
sentence for the former Nasdaq stock market chairman.
Madoff has pleaded guilty to securities fraud and other charges
in March and has been jailed ever since.

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BamaBob Says:

Mon, Jun 29, 2009 at 5:33 pm

Old Ruth is already trying to throw the old boy under the bus. Ain’t no way she is not just as guilty as he is and probably even more so.

wgarey Says:

Mon, Jun 29, 2009 at 2:32 pm

I think you have something there LaaL. One thing’s for sure, Ole boy gonna be old as hell when he get out!!

laal Says:

Mon, Jun 29, 2009 at 11:45 am

I believe some of the investors thought Madoff had inside info. and got what they deserved. I also believe some folks were ignorant of any wrong doing and they are the ones I feel for.