Here's the link: http://news.yahoo.com/s/ap/20090629/ap_on_bi_ge/us_madoff_scandal

Of course, I'm not against the man getting punishment he deserves for duping people but please, 150 years A 71 year old man 

Law has no sentiment.he should pay for his crime.

@9ijaprince,

Of course he should pay for his crime. Thats not my point. I'm just appaled at the unbelivable lenght of his jail term - 150 years!

Even a day old infant sentenced to jail for that long willnever make it out alive - thats for sure! Why didn;t they just call it a "life-sentence"? 

There must have been multiple counts of the same crime. So if each count carries a sentence that should run consecutively with the others, then the judge has no personal choice than to add up the terms and the result must have been 150 years. I don't know if there's any country that has a life sentence for fraudulent practices so when the offence is so grievous, the only way to make the criminal pay adequately is by adding up the sentences.

;d

dnex:

There must have been multiple counts of the same crime. So if each count carries a sentence that should run consecutively with the others, then the judge has no personal choice than to add up the terms and the result must have been 150 years. I don't know if there's any country that has a life sentence for fraudulent practices so when the offence is so grievous, the only way to make the criminal pay adequately is by adding up the sentences.

@dnex,

thanks a bunch!

I guess that explains why/how it got up to 150 years. I fear o!

Madoff's sentence was not the longest for a white-collar criminal. New York businessman Sholam Weiss, 55, was sentenced in February 2000 to 845 years in prison for his role in a plot that skimmed $400 million from an insurance company, costing many of its 25,000 customers their life savings. The government lists his release date as Nov. 23, 2754.

lol

The actual loss so far has been put at $13.2 billion. But the judge said that was a conservative estimate and noted that even Madoff told his sons in December it was a $50 billion fraud.

What type of greed is this,
I always find it funny when some American idiot is complaining about how fraudulent Nigeria is, I know this country is bad, but i think only Nigerians should complain about Nigeria

tboyjnr:

What type of greed is this,
I always find it funny when some American idiot is complaining about how fraudulent Nigeria is, I know this country is bad, but i think only Nigerians should complain about Nigeria

True talk