Madoff Sentenced to 150 Years in Prison for Ponzi Scheme

A federal judge sentenced Bernard L. Madoff to 150 years in prison on Monday for operating a huge Ponzi scheme that devastated thousands of people, calling his crimes “extraordinarily evil.”

In pronouncing the sentence ”” the maximum he could have handed down ”” Judge Denny Chin turned aside Mr. Madoff’s own assertions of remorse and rejected the suggestion from Mr. Madoff’s lawyers that there was a sense of “mob vengeance” surrounding calls for a long prison term.

“Objectively speaking, the fraud here was staggering,” the judge said. “It spanned more than 20 years.”

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Posted in * Culture-Watch, * Economics, Politics, Economy, Ethics / Moral Theology, Law & Legal Issues, Stock Market, Theology

4 comments on “Madoff Sentenced to 150 Years in Prison for Ponzi Scheme

  1. MikeS says:

    This crime was worse than Enron or the other business swindles 8-10 years ago?

  2. Jeffersonian says:

    Ahhh…he’ll only do half of it, at best.

  3. Jon says:

    If he only does a fifth of it, he’ll be 120 years old when he’s released.

  4. Sick & Tired of Nuance says:

    This is absurd. Why not just sentence him to life imprisonment without the possibility of parole? I don’t get the “150” years thing.

    As my nom de plume indicates…I am so sick and tired of this sort of mealy-mouthed language. I have a visceral reaction to it. It is positively Orwellian. The double speak and thought crime that pervades our society must have an end. I will be so glad when the Lord of Truth returns.