Bernard Madoff sentenced to 150 years in prison

By The Associated Press

Posted 11:41AM on Monday 29th June 2009 ( 16 years ago )

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.

http://accesswdun.com/article/2009/6/221462