From: WSJ.com: Law Blog
The Law Blog profiles Judge Denny Chin, the man slated to sentence
Bernie Madoff on Monday.
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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.
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.
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...
Obama nominates 2 for appeals court openings
President Barack Obama on Tuesday said he would nominate a pair of
Northeastern judges to appeals court positions.Judge Denny Chin, a
district court judge for the Southern District of New York, and
Rhode Island Superior Court Justice O. Rogeriee Thompson were
tapped for positions. If confirmed by the Senate, Chin would serve
as a judge in the 2nd Circuit, based in New York, and Thompson
would serve in the Boston-based 1st Circuit."Judges Chin and
Thompson have displayed exceptional dedication to public service
throughout their careers," Obama said in a statement. "They have
served on the bench with distinction in New York and Rhode Island,
and I am honored to nominate them today to serve the American
people on the United States Court of Appeals."Chin was born in Hong
Kong and moved to the ...
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,...
