In the News In the News Madoff Receives Maximum Sentence of 150 Years - Details

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ID:	38462
Title:	In the News In the News Madoff Receives Maximum Sentence of 150 Years - http://www.thefreedictionary.com http://www.thefreedictionary.com http://www.google.com/hostednews/ap/article/ALeqM5iVRaRYcWFCQgMxBfNtbcfT98Zr4QD994I9R81
Description:	In the News is a free service of TheFreeDictionary.com Though the lawyer for Bernard Madoff, mastermind of the largest and most devastating Ponzi scheme in recent history, had requested that his client spend only 12 years behind bars for his crimes, US District Court Judge Denny Chin sentenced the 71-year-old swindler to 150 years in prison, the maximum punishment allowed. In March 2009, Madoff pled guilty to 11 criminal counts, including securities fraud, mail fraud, and money laundering. Chin called the fraud "extraordinarily evil," recognizing the "staggering toll" it took on thousands of individual investors, charitable organizations, and financial institutions. Discuss
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Date Added:	July 01, 2009 05:00:00 AM
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