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Ponzi-schemer and former non-executive chairman of the NASDAQ stock exchange Bernard Madoff was handed a 150 year prison sentence by U.S. District Judge Denny Chin this morning. In the courtroom, Madoff explained to Judge Chin, prosecutors and his victims that he thought he could "work his way out" of fraud and that he lives in a "tormented state." Also, he said that he "lied to his brother and sons and that his wife Ruth Madoff cries herself to sleep each night." Bernard, if you recall, plead guilty in March 2009 to 11 federal crimes, including securities fraud, wire fraud, mail fraud, money laundering, perjury, and false filings with the SEC. Read more about this morning's ruling at Gothamist.
Bernie Madoff Sentenced to 150 Years for Ponzi Scheme
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Transplants start daily blog, nothing too relevant, snobbery employed to what is reported see sfist.
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owned.
There's many more like him out there - they just haven't uncovered their misdeeds yet.
the financial system = 0\/\/n3d
indeed. i hope it doesn't end with just him.
indeed. i hope it doesn't end with just him.
indeed. i hope it doesn't end with just him.
He'll be out by 2079 with good behavior
TV is reporting a high speed chase with Bernie Madoff and AC Cowlings behind the wheel. Oh noes!
Now he can take his ponzi scheme to the prison cigarette trade.
Poor, Ruthie; poor, poor Ruthie........