Business

Bernard Madoff Sentenced to 150 Years

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 sentenced 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.
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Posted by Editor at June 30, 2009 12:55 AM