Bye-bye Bernie!

[PMitchell]

Bernard Madoff, the mastermind behind the largest and most sweeping Ponzi scheme ever, sentenced to 150 years in prison. :wave

NEW YORK – Bernard Madoff has been sentenced to the maximum 150 years in prison for his multibillion-dollar fraud scheme. U.S. District Judge Denny Chin handed down the sentence in New York on Monday.

Defense attorneys had sought 12 years, while prosecutors wanted the maximum. The federal probation department had recommended 50 years. Chin called the fraud "staggering" and noted that it spanned more than 20 years. He says "the breach of trust was massive."

The 71-year-old former Nasdaq chairman pleaded guilty to securities fraud and other charges in March and has been jailed since.

[cfell]

ah.. he'll never sweat a day.

[rwbloch]

Gee, I thought this thread was referring to Bernie Sanders, our demagoguing Senator up here in VT. Too bad.

[hallzee]

He'll be out in less than 12 years, I am betting. Then again, he'll be in a box when he does get out!

[1635SMR]

He'll be out in less than 12 years, I am betting. Then again, he'll be in a box when he does get out!

This from the AP write up;

"U.S. District Judge Denny Chin cited the unprecedented nature of the multibillion-dollar fraud as he sentenced Madoff to the maximum of 150 years in prison, a term comparable only to those given in the past to terrorists, traitors and the most violent criminals. There is no parole in federal prison so Madoff will most likely die there".

So, are you betting he dies in prison in less than 12 years, or that he'll get out in 12 years (box or no box)?

[gunny]

Justice is served.

Hate it for all the folks who's lives he either ruined or touched in a manner that caused them grief.

[jayjacobson]

Let that be a lesson to him! :o Next time, call your Ponzi scheme "socialist security," and you'll be fine! :eek: