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Bernie Madoff gets 150 years in prison, maximum allowable sentence.
June 29, 2009
23 other people
Right before issuing the sentence, the judge pointed out that when a widow's husband had a heart attack and the widow went to him that he put his arm around her and told her that her money would be safe. This sentence likely ensures that Madoff spends the rest of his life in jail. -
Traders on the stock exchange floors cheered from the floor when the sentence was announced. The courtroom also erupted in applause when the sentence was announced. -
Judge called Madoff: "extraordinarily evil." -
Thank God. Now they should go after his sons and wife. -
Judge noted that there wasn't a single letter of support from anyone in his file. No friends, no family, even his wife did not write a letter asking for leniency. -
His defense team had been arguing for a 12 year sentence. -
"Justice" may have been served, but all his investors still don't have their money back... -
One down, hundreds more to go... -
the coverage in VanityFair.com Magazine has been awesome! Not only Madoff but ALL those goddam Crooks on Wall Street!! This Old Boys Network has somewhat been exposed for what it is + every Stinkin' CEO + Lawyer + Accountant + VIP of EVERY Fortune 500 Company + on down has been Playing this Game Forever!! It's a Bloody Joke!! -
Jeffry Picower netted over $5 billion personally off Madoff above and beyond what he invested between December 1995 and December 2008.
his wife Ruth Madoff wasn't in the courtroom when the decision was announced. Wonder how long until she's kicked out of the Park Avenue Apartment. -
Good. Now let's impose similar penalties on corporate fraudsters, the CEOs who lie about their books and rip off investors just as badly as Madoff did. -
Kevin (aka ThreadKilla)
I believe that one of the settlement stipulations is that he wife loses the NY Penthouse along with most of his and her money. I believe she will be left with about $2.5M. -
Jeff P. Henderson
that's what they said today that her settlement lets her keep $2.5 million. I bet investors will still try to go after that money though. Clarke, I seriously doubt he'll ever get out with a 150 year sentence. Even with good behavior he'll probably be in there until he dies. -
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