Madoff sentenced to 150 years in prison
(06/29/09) 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 on Monday.
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Jun 29, 2009, 4:59 PM
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Updated 5,549 days ago
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(06/29/09) 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 on Monday.
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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