Madoff gets 150-year prison term for ‘extraordinary evil’
Bernard Madoff, the self-confessed mastermind of the largest financial fraud in history, was on Monday sentenced to a prison sentence of maximum 150 years for what Judge Denny Chin described as an "extraordinarily evil" swindle, according to a report in The Wall Street Journal.
Delivering the landmark verdict, one of the stiffest to date given for a white-collar crime, in a courtroom packed with victims of the fraud, the judge faulted Madoff for failing to be more cooperative with authorities since his December 11 arrest. "I don't get a sense that Madoff has done all he could, or told all that he knows," the judge said. The scam took "a staggering toll" on rich and poor alike in the US, he added.
Madoff told the court that he can’t offer “an excuse for my behavior”, adding he “will live with this pain, with this torment, for the rest of my life". Continuing to insulate his family and colleagues, he said that they were lied to.
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