Convicted swindler Bernard Madoff will spend the rest of his life behind bars. Today a New York Judge sentenced 71-year-old Madoff to the maximum term, 150 years. Many of Madoff’s victims, who were in court, broke out in applause when the sentence was announced. Earlier in the proceedings, Madoff apologized to his victims for what is estimated to be at least a $50 billion fraud. Madoff was convicted of running the largest Ponzi scheme ever. In court today, some of his victims spoke bitterly of how the scheme had wiped... Read More →
