Madoff gets 150 years for Ponzi scheme

The New York Times has reported that Bernard L. Madoff has been sentenced to 150 years in prison by a federal judge for operating a Ponzi scheme that has impacted thousands of people from all backgrounds and financial standings. From the story:

“I’m responsible for a great deal of suffering and pain, I understand that,” the 71-year-old financier told the court. “I live in a tormented state now, knowing all of the pain and suffering that I’ve created. I’ve left a legacy of shame, as some of my victims have pointed out, to my family and my grandchildren.”

View the story here.

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