Bernie Madoff Gets 150 Years In The Bing
NEW YORK — Bernard Madoff has apologized to his family and to the victims of his multibillion-dollar fraud scheme.
The 71-year-old financier said Monday at his sentencing that he "will live with this pain, this torment, for the rest of my life."
Madoff says that he dug himself "deeper into a hole" as the scheme progressed.
Attorney Ira Sorkin says the 150 years in prison recommended by prosecutors or the 50 years recommended by the federal probation department are excessive.
Victims who lost millions of dollars earlier urged a stiff sentence for the former Nasdaq stock market chairman.
Madoff has pleaded guilty to securities fraud and other charges in March and has been jailed ever since.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
NEW YORK (AP) _ Bernard Madoff has apologized to his family and to the victims of his multibillion-dollar fraud scheme.
The 71-year-old financier said Monday at his sentencing that he "will live with this pain, this torment, for the rest of my life."
Attorney Ira Sorkin says the 150 years in prison recommended by prosecutors or the 50 years recommended by the federal probation department are excessive.
Victims who lost millions of dollars earlier urged a stiff sentence for the former Nasdaq stock market chairman.
Madoff has pleaded guilty to securities fraud and other charges in March and has been jailed ever since.
Comment
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Comment by osixx on June 30, 2009 at 4:10pm -
daamn
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Comment by Jah on June 30, 2009 at 10:52am -
You think he is going to have a hard time in there? that mutha fucka is going to live off OUR tax money and be in there with his OWN cot and possibly all the amenities that you probably have in a apartment, s*** is going to be like sleep away camp for this f*****, they need to liquidate ALL his damn assets and get the money back to the people he stole it from... a thief is a f***** thief PERIOD.
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Comment by HOEYUNO on June 30, 2009 at 10:13am -
Greed...Dude wont live 4 years in there man. I mean unless of course hes in a martha stewart jail
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Comment by gamegame on June 30, 2009 at 9:18am -
its because of that b****** we are all in a reccesion!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Comment by jBrizzle on June 30, 2009 at 2:06am -
WTF y'all talking about death sentence? He's doing life+ in prison.
He's part of the big corporate problem why we're all in a recession. Not the total blame but part of it. Examples need to finally be made and they are.
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Comment by jarrod on June 30, 2009 at 1:07am -
hes a hustler. a multibillion dollar scheme?? im sure he aint take no ones money on this is 50.com so hes cool wit me he just robbed all the rich f**** in the world that dont give a f*** about us so f*** em all
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Comment by GUCCI BLK!! on June 30, 2009 at 12:59am -
f*** this dude he can eat a fat d*** in hell
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Comment by Gypsy aka Rydlz on June 29, 2009 at 9:33pm -
that mutha fucka needs to live in tha hood for the rest of his life........fucc that s***........they feed you too good in prison...........WTF....
that's the same type of cracker that wants everybody's last dollar.....so the few can sit back in riches instead of everybody having the things they need in life.................
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Comment by dale hansen on June 29, 2009 at 9:03pm -
call him what you will but this guy certainly could not do this alone so the fact that he is willing to take the blame means he has maned up. he is no snitch.
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Comment by dale hansen on June 29, 2009 at 9:01pm
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Nobody deserves a death sentence over money. no dollar amount is equivalent to a human life. Give him 30 years, not life. However no blog will change what it is. I guess the case is that karma is a b****. I agree with gunit181; "he took the money from the bank and got 150 years and people get killed and murders do 3 maybe 5 years" though he didn't take money from the bank, he took it from people through an elaborate scheme.
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