Bernard Madoff Sentenced: 150 Years
June 29, 2009 by Stephen Kersey
Filed under Business
On Monday, Bernard Madoff begged for a light sentence. He told the federal judge that he didn’t deserve the max sentence. When it was all said and done, Madoff received that max sentence of 150 years in prison.
For Madoff, who is 71 years old, the 150 years in prison is a life sentence. When the judge was sentencing Madoff, he called Madoff’s crimes “extraordinarily evil”.
Madoff was charged in a multi-billion dollar ponzi scheme that destroyed the lives of many people. Some of his victims lost their life savings, others lost all of their retirement money and some of his victims even committed suicide.
Even Madoff’s wife was disgusted by his actions. In a press release, she explained her dismay.
Said Ruth Madoff: “I am embarrassed and ashamed. Like everyone else, I feel betrayed and confused. The man who committed this horrible fraud is not the man whom I have known for all these years.”
Madoff is headed to prison (Image: Flickr)
