The Raw Feed
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Monday, June 29, 2009

Investment swindler Bernie Madoff gets 150 years

Bernard Madoff has been sentenced to 150 years in prison for ripping off investors and even friends to the tune of $65 billion. U.S. District Judge Denny Chin handed down the maximum sentence. The 71-year-old Madoff had pleaded guilty in March to 11 counts of being a complete asshole. His Ponzi scheme holds the world record for the largest investor fraud ever committed by a single person.

Comments:

Anonymous Anonymous said...

Why are you reporting on this story? It's not tech or raw...

Monday, June 29, 2009 12:04:00 PM  
Anonymous Chrystal K. said...

Wow...150 years. That's crazy.

Monday, June 29, 2009 3:37:00 PM  
Blogger Rob said...

It's kinda meaningless tho - won't there still be endless appeals and such? When will he actually begin parking his ass in a cell? And even when that does happen, will it be the same prison where common criminals go or some white-collar, minimum-security stint?

The legal definition of justice may have served, but it doesn't feel as though much was accomplished.

Wednesday, July 01, 2009 11:11:00 AM  

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