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 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.

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