Bernie Madoff Sentence:Madoff Sentencing
Bernie Madoff Sentence:Madoff Sentencing – Bernard Madoff has been sentenced to 150 years in prison for orchestrating an estimated $65 billion investor fraud.The 71-year-old swindler made over 1,341 investors in firm lost a total of more than $13 billion.U.S. District Judge Denny Chin said:
“Here the message must be sent that Mr. Madoff’s crimes were extraordinarily evil and that this kind of manipulation of the system is not just a bloodless crime that takes place on paper, but one instead that takes a staggering toll,”
The massive Ponzi scheme run by Madoff is considered the largest fraud case Wall Street has ever seen.
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