Convicted Wall Street swindler Bernard Madoff (pictured) was sentenced to 150 years in prison Monday for a fraud so extensive that the judge said he needed to send a message to potential imitators and to victims who demanded harsh punishment.
Scattered applause and whoops broke out in the crowded Manhattan courtroom after U.S. District Judge Denny Chin issued the maximum sentence to the 71-year-old defendant.
The judge said a conservative estimate of the amount Madoff cost his victims is more than $13 billion.
Bernard Madoff owned several homes including a $6.5 million penthouse in a building on Manhattan’s Upper Eastside shown above.
Now he resides in this cell in the Metropolitan Correctional Center prison in New York awaiting transfer to a prison where he will spend the rest of his life.
Before sentencing, one victim said, “Life has been a living hell. It feels like the nightmare we can't wake from.”
Another said, “He stole from the rich. He stole from the poor. He stole from the in between. He has no values. He cheated his victims out of their money so he and his wife Ruth could live a life of luxury beyond belief,”
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A picture of my cave
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