[Infowarrior] - Madoff sentenced to 150 years in prison

[Richard Forno]

Bernard Madoff sentenced to 150 years in prison

Monday, June 29, 2009

By the Associated Press

NEW YORK — Bernard Madoff has been sentenced to 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.

The 71-year-old former Nasdaq chairman was arrested late last year  
after confessing to his sons that his secretive investment advisory  
business was a “big lie.”

He pleaded guilty to securities fraud and other charges in March and  
has been jailed since.

URL: http://www.news-herald.com/articles/2009/06/29/news/doc4a48df6f4dc68642692652.prt