Madoff gets 150 years in prison
NEW YORK - Despite his claims of contrition, Bernard L. Madoff was sentenced yesterday to 150 years in prison for a crime a federal judge called an act of “extraordinary evil.’’
The lengthy sentence - ensuring Madoff will die behind bars - was the harshest possible punishment that US District Judge Denny Chin could impose.
In March, the former investment manager confessed to swindling some of the nation’s wealthiest families and prominent philanthropies out of their fortunes, along with cheating widows, retired teachers, tradesmen, and hundreds of other middle-class investors out of their life savings.
“The fraud here was staggering,’’ Chin said during the sentencing in a packed Manhattan courtroom. “This is not just a matter of money. The breach of trust was massive.’’
And yet investigators are still trying to determine its full scope.
Source:
Madoff gets 150 years in prison
boston.com
