Madoff Sentenced to 150 Years in Prison
June 29 2009, Published 3:08 p.m. ET
On top of living a life sentence of disgrace in the eyes of the American public, Bernard Madoff- the mastermind being the largest Ponzi scheme in U.S. history- was also handed a judgment of 150 years in jail on Monday morning.
"I don't ask for any forgiveness," Madoff told U.S. District Judge Denny Chin.
Madoff's lawyers had asked for a sentence of twelve years due to the 71 year-old's thirteen year life expectancy. Madoff pleaded guilty to securities fraud, mail fraud, wire fraud, investment advisor fraud, three counts of money laundering, false statements, perjury, false filings with the SEC and theft from an employee benefit plan.
Never Miss an
Daily updates from the heart of Hollywood, right to your inbox
By entering your email and clicking Sign Up, you’re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.
