Bernard Madoff gets 150 years in prison

(AP) - Bernard Madoff has been sentenced to the maximum150 years in prison for his multibillion-dollar fraud scheme. U.S. District Judge Denny Chin handed down the sentence in NewYork on Monday. Defense

News 12 Staff

Jun 29, 2009, 5:46 PM

Updated 5,595 days ago

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(AP) - Bernard Madoff has been sentenced to the maximum150 years in prison for his multibillion-dollar fraud scheme. U.S. District Judge Denny Chin handed down the sentence in NewYork on Monday. Defense attorneys had sought 12 years, while prosecutors wantedthe maximum. The federal probation department had recommended 50years. Chin called the fraud "staggering" and noted that it spannedmore than 20 years. He says "the breach of trust was massive." The 71-year-old former Nasdaq chairman pleaded guilty tosecurities fraud and other charges in March and has been jailedsince.