Bernie Madoff Gets 150 Years, Prison Currency Spirals
Bernie Madoff received the maximum sentence of 150 years for his $65bn (£40bn) fraud. Madoff’s lawyer had sought a more lenient sentence of 12 years. Nice try. The sentence was greeted with cheers and applause in the packed courtroom and US District Judge Denny Chin said he wanted to send a message that Madoff’s crimes were "extraordinarily evil". He added "the breach of trust was massive" and pointed out that no friends, family or other supporters had submitted any …
Bernie Madoff received the maximum sentence of 150 years for his $65bn (£40bn) fraud. Madoff’s lawyer had sought a more lenient sentence of 12 years. Nice try.
The sentence was greeted with cheers and applause in the packed courtroom and US District Judge Denny Chin said he wanted to send a message that Madoff’s crimes were "extraordinarily evil". He added "the breach of trust was massive" and pointed out that no friends, family or other supporters had submitted any letters on Mr Madoff’s behalf.
Although Madoff has 10 days to appeal, the sentence is already having some latent effects according to the Onion which reports "Prison Economy Spirals as the price of cigarettes exceeds two…" click for full details (video)
June 30, 2009
that video made my morning
June 30, 2009
lol – wonder what happens to someone like Madoff inside an American prison???
June 30, 2009
hours of gentrophile fun
June 30, 2009
He will probably end up with similar ilk in one of those country club style prisons so no soapy shower time for him.