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Bernie Madoff

Procsecutors asked for 150 years and they got it.  There will be no parole or light of day for Bernard Madoff.  Bernnie Madoff has finally been sentenced to 150 years as the mastermind of a multibillion dollar Ponzi scheme perpetrating Wall Street’s biggest investment fraud. Although his victims asked for the maximum and got it, their lives have been virtually destroyed.

Judge Denny Chin said the sentence was a symbolic one for a crime that showed “extraordinary evil” and “took a staggering human tool.” Madoff , addressing the court in a dark suit for about six minutes, said that when he started the scam, he thought he’d be able to “work my way out.” He said he lives in a tormented stated and expressed regret of leaving a “legacy of shame” to his family and grandchildren.” Madoff said his wife Ruth will make a statement later today. He maintained that he acted alone, saying, “How do you excuse lying to brother and sons? How do you excuse lying and deceiving a wife who stood by you for 50 years and still stands by you? There is no excuse for that and I don’t ask for forgiveness.” He then faced his victims in court and said, “I’m sorry.”   Madoff expressed regret before he received the maximum sentence for his crimes.

Watch Bernie Madoff Sentencing Video

Prosecutors continue to look into charges against Madoff’s wife and family.

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