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Tag: 150 years

Adios Bernie: Judge Gives Madoff 150 Years, Says “Sorry Is Not Enough”

Well, 150 years is a lot, but quite appropriate. There’s no way to make up for the damage he did.

By Thomas Zambito, Jose Martinez and Corky Siemaszko
New York Daily News
NEW YORK — Ponzi king Bernie Madoff got the max Monday – 150 years in prison – for engineering a $65 billion fraud scheme that made his name synonymous with unbridled greed.

Manhattan Federal Court Judge Denny Chin threw the book at Bernie after Madoff finally apologized and told the court, “I’m sorry is not enough” after the swindler was savaged by the victims of his scheme.

“I have left a legacy of shame,” Madoff said after a dozen of his dupes begged a judge to let him rot in jail. “This is something I will live in for the rest of my life.”

Madoff also defended his wife Ruth, who while not charged with a crime has become a reviled figure in the tragedy.

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Victims Speak Out

Visit msnbc.com for Breaking News, World News, and News about the Economy

Bernie Madoff Victims Left Depressed, Bitter, Hopeless

Sympathy is one thing Bernie Madoff won’t see in the courtroom as he appears later this month for sentencing. The Poster Child for Greed, Madoff won’t likely see daylight in the outside world for a long long time. Many are urging the judge to give him the maximum 150 year sentence.

Bernie Madoff

Bernie Madoff

The Associated Press
More than 100 victims of failed financier Bernard Madoff’s multibillion-dollar fraud urged a judge Monday to sentence him harshly, saying he ruined their lives, leaving many of them depressed, bitter and hopeless.

“Please don’t let his brilliant criminal mind loose to do it again,” Steve Norton pleaded in a letter to the judge after describing how he lost $1.1 million in retirement money.

“He took the rest of our lives. Don’t give him his back.” Kathleen Bignell of Gunnison, Colo., said she told her 89-year-old father he cannot die because she no longer has money to bury him. She said Madoff “ought to be able to look forward to just exactly what he has done to us. No hope, no future and no forgiveness.”

In 113 statements, victims from across the country repeatedly referred to the 71-year-old Madoff as a “monster” who, as one victim put it, has “no soul, no remorse, no conscience.” Carl Kornblum wrote that he is 70 years old and his wife is 66, both forced by the Madoff fraud to sell their home and go back to work.

“Can you believe as teenagers and school chums and young marrieds we were once friends with Bernie and Ruth Madoff????” he wrote. “I really can’t believe Bernie could be such a sociopathic low-life!!! Thank you for all you can do to see that justice is served on this scoundrel.”

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