It is amazing how some things come to light. This guy must have thought after 20 years there is no way I can get caught. I am glad he got the maximum, although this doesn't return the money that was stolen from his victums. The news mentions how he stole from 401's and even caused people to kill themselfs. They were able to stripe Bernard of almost everything, his wife tryed to hide moneys but I think they were able to get that as well. (WEEK 5)
Monday, June 29, 2009
Bernard Madoff gets maximum 150 years in prison
The 71 year old former CEO chairman of Nasdaq pleaded guilty to fraud and other charges, was sentence to 150 years in jail. Bernard Madoff was sentenced to prison for his mulibillion dollar fraud scheme. The U.S. District Judge Chin sentenced him today. The defense attorney wanted a 12 years sentence, considering his age and that would meet life. But the prosecutors wanted the maximum. The federal department recommended 50 years. The judge called the fraud "staggering" and said it had went on for over 20 years. Mentioning the breach of trust was massive.
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