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Bernard Madoff sentenced to 150 years in prison

 FILE - In this March 10, 2009 file photo, Bernard Madoff exits Manhattan federal court in New York. A federal judge has ordered disgraced financier B...

Madoff Scandal

FILE - In this March 10, 2009 file photo, Bernard Madoff exits Manhattan federal court in New York. A federal judge has ordered disgraced financier B...

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 sentence 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.


Updated : 2021-05-11 08:10 GMT+08:00