
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.
The 71-year-old former Nasdaq chairman was arrested late last year after confessing to his sons that his secretive investment advisory business was a “big lie.”
He pleaded guilty to [...]
June 29, 2009 | Posted in
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Disgraced US financier Bernard Madoff’s lawyer has said his client deserves 12 years in prison for his crimes.
In March, Madoff pleaded guilty to 11 charges that he masterminded a $50bn (£35bn) investment fraud.
He will be sentenced on 29 June and could be jailed for up to 150 years. Madoff is 71 years old now.
New York [...]
June 24, 2009 | Posted in
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