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Madoff sentenced to 150 years in prison

Financier behind multi-billion dollar ponzi scheme gets stiffest punishment available


 

Disgraced financier Bernie Madoff has been sentenced to a staggering 150 years in prison. Madoff pleaded guilty last month to bilking hundreds of clients in an elaborate ponzi scheme worth billions of dollars. Judge Denny Chin settled on the sentence after hearing from 10 of Madoff’s victims at a hearing Monday morning. Chin opted for the stiff sentence despite the U.S. federal probation department’s recommendation that Madoff get a sentence of 50 years. Prosecutors had asked for a prison sentence of 150 years, while Madoff’s lawyer had requested the judge to hand down a 12-year prison sentence.

CBC News


 
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Madoff sentenced to 150 years in prison

  1. 150 years is not enough, considering the sheer number of lives that have been severely harmed.

  2. Geeze Louise! – some murderers get less than that. Yes, he should be punished, a though the people who fell for his ponzi scheme were greedy, rich and definitely heedless at worst or ill-advised at best,; however, the sentence is too long.

  3. Hell, he will only do half of that anyway!!!

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