Madoff sentenced to 150 years in prison

(AP) - Bernard Madoff has been sentenced to 150 yearsin prison for his multibillion-dollar fraud scheme.U.S. District Judge Denny Chin handed down the sentenced in

NEW YORK - (AP) - Bernard Madoff has been sentenced to 150 yearsin prison for his multibillion-dollar fraud scheme.

U.S. District Judge Denny Chin handed down the sentenced in NewYork on Monday.

The 71-year-old former Nasdaq chairman was arrested late lastyear after confessing to his sons that his secretive investmentadvisory business was a "big lie."

He pleaded guilty to securities fraud and other charges in Marchand has been jailed since.

advertisement | advertise on News 12

Trending Video

Brooklyn nail salon makes its own unique nail 1 Brooklyn Style: k2 Nail Salon
Kilusan Bautista once lived in Crown Heights until 2 NYC man's show puts spotlight on gentrification
News 12 Brooklyn asked residents what old TV 3 Word on the Street: Old TV shows
4 Activists push women's rights with double entendre
A new kind of snack is sweeping through 5 New bean snack created by Brooklyn resident

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE