Monday, June 29, 2009

Bernard Madoff sentenced to 150 years jail term...

CONVICTED fraudster Bernard Madoff has been sentenced to 150 years in prison for robbing investors in his pyramid scheme of £40bn.

Applause broke out in the crowded Manhattan courtroom after the 71-year-old defendant was given the maximum sentence on all 11 charges.

U.S. District Judge Denny Chin described Madoff's crimes as "extraordinarily evil", rejecting a request from his lawyer for leniency.

Judge Chin said: "This kind of manipulation of the system is not just a bloodless crime that takes place on paper, but one instead that takes a staggering toll. More...

See also:

  1. The $134.5 billion mystery...
  2. Singapore tycoon sues Citigroup over heavy losses...
  3. Why did Madoff confess so willingly?
  4. Bernard made-off with billions...
  5. Bernard Madoff victims stunned, reluctant to talk...

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