The sentencing process for Bernie Madoff was handed down in New York City today (June 29).
The convicted swindler was sentenced to 150 years in prison for his multibillion-dollar fraud scheme.
Over ten victims spoke in court and several hundred spectators were on hand to watch justice be served.
Madoff’’s lawyer asked for a 12-years sentence, but told the court that Madoff expected “to live out his years in prison.”
Afterwards, Madoff made a statement. Among the excerpts:
– “I dug myself deeper into a hole” as the fraud scheme progressed.”
– “I cannot offer you and excuse for my behaviour, how can you excuse betraying thousands of investors.”
– “I don’t ask for any forgiveness. I did not intend to do any harm, but I did a great deal of harm I made an error of judgment. I could not accept the fact that for once in my life I failed.”
– “I left a legacy of shame.”
The convicted swindler was sentenced to 150 years in prison for his multibillion-dollar fraud scheme.
Over ten victims spoke in court and several hundred spectators were on hand to watch justice be served.
Madoff’’s lawyer asked for a 12-years sentence, but told the court that Madoff expected “to live out his years in prison.”
Afterwards, Madoff made a statement. Among the excerpts:
– “I dug myself deeper into a hole” as the fraud scheme progressed.”
– “I cannot offer you and excuse for my behaviour, how can you excuse betraying thousands of investors.”
– “I don’t ask for any forgiveness. I did not intend to do any harm, but I did a great deal of harm I made an error of judgment. I could not accept the fact that for once in my life I failed.”
– “I left a legacy of shame.”
(Jackedfrom:FadedYouth)
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