Posted by | June 29, 2009 11:47 | Filed under: Top Stories

Madoff will never see daylight again, unless it’s in a prison yard.


“I cannot offer any excuse for my behavior,” Madoff was reported to have said in court this morning. “I made a terrible mistake.”

 

Federal prosecutors had requested the maximum 150 year-term. Madoff’s attorney, Ira Sorkin, said his client deserved a much more lenient 12-year sentence for, in part, cooperating with authorities and citing Madoff’s limited life expectancy.

 

Ruth Madoff gets to keep $2.5 million in assets while giving up a claim to more than $80 million in other assets.

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Copyright 2009 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.