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Bernard Madoff in court for fraud sentencing

Bernard Madoff in court for fraud sentencing

U.S. District Judge Denny Chin says the federal probation department recommends that Bernard Madoff get 50 years in prison for a multibillion-dollar fraud scheme.
Madoff's lawyer has asked a judge to give his 71-year-old client 12 years behind bars. Prosecutors planned to seek a 150-year prison term Monday.
The 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 ever since.


Updated : 2021-03-05 15:57 GMT+08:00