Madoff gets 150 years in prison

[efoods]Bernard Madoff will spend the rest of his life in prison.

The mastermind behind the biggest Ponzi scheme in U.S. history was sentenced on Monday morning to 150 years behind bars, the maximum requested by federal prosecutors.

Madoff confessed in March to 11 counts including fraud, money laundering and perjury, among other things.

Many of Madoff’s wealthy clients lived in South Florida and lost their life savings to his scheme.

This article was posted: Monday, June 29, 2009 at 11:08 am

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