From: WSJ.com: Law Blog
Well, the question has been answered. Bernie Madoff has been
sentenced to years in prison. The matter now shifts to the Bureau
of Prisons, which will make the decision on where Madoff will be
sent. Possibilities might include the low- or medium-security
prisons near New York City like Fort Dix, N.J., Otisville, N.Y., or
Allenwood, Pa.
Respond to this topic on your own blog
Click and press Ctrl+C to copy and paste this discussion on your blog or site
Related Articles
Where Does Bernie Go From Here? Part II With Lawyer Alan Ellis
Back in March, after Bernie Madoff entered his guilty plea, we
chatted with Alan Ellis, a lawyer specializing in federal
sentencing and Bureau of Prison matters and the author of the
Federal Prison Guidebook. Ellis dropped a lot of knowledge on us.
So much, in fact, that we had to pick up the phone and check in
with him today on the latest news that Judge Denny Chin had
sentenced Madoff to a 150-year prison term.
Bernard Madoff gets maximum 150 years in prison
Bernard Madoff has been sentenced to the maximum 150 years in
prison for his multibillion-dollar fraud scheme. U.S. District
Judge Denny Chin handed down the sentence in New York on Monday.
Defense attorneys had sought 12 years, while prosecutors wanted the
maximum. The federal probation department had recommended 50 years.
Chin called the fraud "staggering" and noted that it spanned more
than 20 years. He says "the breach of trust was massive."The
71-year-old former Nasdaq chairman pleaded guilty to securities
fraud and other charges in March and has been jailed since.
Frenzy outside the court: Madoff gets 150 years
Inside a packed Manhattan courtroom, Miriam Siegman and eight other
victims of Bernard Madoff directed their anger at the 71-year-old
disgraced financier. Madoff "discarded me like road kill," Siegman
said.Even before the one-time financier was sentenced to 150 years
in prison, Siegman, 65, hobbled out of the federal courthouse and
into the media scrum that has followed the secretive money manager
from his Upper East Side apartment seven months ago to this
sentencing Monday.There, anger toward Madoff appeared to have
shifted more to the regulators that many believe failed to stop the
massive fraud. Victims and nearby protesters took the government to
task for not preventing Madoff's Ponzi scheme. U.S. District Judge
Denny Chin said estimated losses for investors were more than $13
billion,...
Convicted Ponzi-Schemer Madoff To Learn Fate Monday
Convicted Ponzi-scheme operator Bernard Madoff will learn Monday
morning whether he'll spend the rest of his life behind bars for
running a decades-long swindle that bilked thousands of investors
out of billions of dollars. Madoff, who admitted in March to
orchestrating one of the largest and longest-running white-collar
frauds in recent memory, is set to be sentenced at a hearing before
U.S. District Judge Denny Chin in Manhattan at 10 a.m. EDT Monday.
Prosecutors from the U.S. Attorney's office in Manhattan have asked
for the statutory maximum of 150 years or a sentence that will
effectively guarantee the 71-year-old Madoff spends the rest of his
life in prison. "He engaged in wholesale fraud for more than a
generation; his so-called 'investment advisory' business was a
fraud; his fraud...
Where Is Bernie Madoff Still a Hero? Prison
(June 6) -- Bernard Madoff may wear the same standard-issue khakis
as the other inmates at North Carolina's Butner Federal
Correctional Complex, but to them, he isn't just prisoner No.
61727-054. The $65 billion Ponzi schemer is considered a hero and a
celebrity among fellow convicts, solicited for autographs and
business advice, New York magazine reports in a new feature story
on newsstands Monday.
