Bernard Madoff to Learn His Fate
By Larry Neumeister and Tom Hays
NEW YORK -- It was a crime of epic proportions: a multibillion-dollar Ponzi scheme that wiped out fortunes, drained retirement nest eggs, ruined charities and foundations, and even pushed some investors to commit suicide. Six months after the scandal came to light, the battle lines over Bernard Madoff's punishment have been drawn. His lawyer insists 12 years in prison is enough. Prosecutors demand a 150-year sentence that would guarantee the 71-year-old spends his final days behind bars. Some victims were expected to call for harsh punishment at the disgraced financier's sentencing Monday in federal court in Manhattan. Ten have told U.S. District Judge Denny Chin they wish to speak out in court.![]() |
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