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Madoff sentenced to 150 years in prison
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 today.
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 securities fraud and other charges in March and has been jailed since.
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Alihandero wrote on Jun 29, 2009 7:12 PM: