
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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Government seizes all assets from Ponzi mastermind, who faces a maximum of 150 years in prison at his sentencing on Monday. Wife loses millions in assets.
NEW YORK (CNNMoney.com) — Bernard and Ruth Madoff have been stripped of their vast riches.
The government announced Friday night that it had seized all of Bernard Madoff’s property in a [...]

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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