Wiadomości
2009-06-30
Madoff Gets Life For "Evil" Crimes
Madoff Gets Life For "Evil" Crimes
The New York Times and Los Angeles Times lead with, while the Wall Street Journal banners, Bernard Madoff receiving a 150-year prison sentence. The federal judge called Madoff's massive Ponzi scheme an "extraordinarily evil" fraud and unexpectedly imposed the maximum sentence allowed, saying the length of the sentence should serve as dete(...)
The New York Times and Los Angeles Times lead with, while the Wall Street Journal banners, Bernard Madoff receiving a 150-year prison sentence. The federal judge called Madoff's massive Ponzi scheme an "extraordinarily evil" fraud and unexpectedly imposed the maximum sentence allowed, saying the length of the sentence should serve as dete(...)
Madoff Gets Life For "Evil" Crimes
The New York Times and Los Angeles Times lead with, while the Wall Street Journal banners, Bernard Madoff receiving a 150-year prison sentence. The federal judge called Madoff's massive Ponzi scheme an "extraordinarily evil" fraud and unexpectedly imposed the maximum sentence allowed, saying the length of the sentence should serve as deterrent for any would-be scam artists. It's one of the longest sentences ever given to a white-collar criminal but hardly a record. The sentence was met with applause in the courtroom, which was filled with Madoff's victims.
Before Madoff's sentencing, nine victims testified about the hardships they have experienced since the financier's fraud came to light. "I hope his sentence is long enough so his jail cell will become his coffin," said a 33-year-old whose family's funds with Madoff were supposed to sustain his disabled brother. Madoff apologized for the scheme that is estimated to have led to around billion in losses. "I will live with this pain, with this torment, for the rest of my life," he said. Madoff's lawyer tried to argue that his client deserved a shorter sentence because he cooperated with the government's investigation, but the judge disagreed with that contention. "I simply do not get the sense that Mr. Madoff has done all that he could or told all that he knows," he said.
The disgraced financier looked thinner and wasn't accompanied by any family members. In fact, the judge even pointed out that he had not received any letters from friends, family, or other supports attesting to his moral character or good deeds. After the hearing, Madoff's wife broke her silence and, in a statement, said she was "embarrassed and ashamed."
By Daniel Politi
Posted Tuesday, June 30, 2009
The New York Times and Los Angeles Times lead with, while the Wall Street Journal banners, Bernard Madoff receiving a 150-year prison sentence. The federal judge called Madoff's massive Ponzi scheme an "extraordinarily evil" fraud and unexpectedly imposed the maximum sentence allowed, saying the length of the sentence should serve as deterrent for any would-be scam artists. It's one of the longest sentences ever given to a white-collar criminal but hardly a record. The sentence was met with applause in the courtroom, which was filled with Madoff's victims.
Before Madoff's sentencing, nine victims testified about the hardships they have experienced since the financier's fraud came to light. "I hope his sentence is long enough so his jail cell will become his coffin," said a 33-year-old whose family's funds with Madoff were supposed to sustain his disabled brother. Madoff apologized for the scheme that is estimated to have led to around billion in losses. "I will live with this pain, with this torment, for the rest of my life," he said. Madoff's lawyer tried to argue that his client deserved a shorter sentence because he cooperated with the government's investigation, but the judge disagreed with that contention. "I simply do not get the sense that Mr. Madoff has done all that he could or told all that he knows," he said.
The disgraced financier looked thinner and wasn't accompanied by any family members. In fact, the judge even pointed out that he had not received any letters from friends, family, or other supports attesting to his moral character or good deeds. After the hearing, Madoff's wife broke her silence and, in a statement, said she was "embarrassed and ashamed."
By Daniel Politi
Posted Tuesday, June 30, 2009