Madoff victims speak in court Monday, Jun 29 2009 


Dominic Ambrosino and his wife Ronnie Sue lost money in Madoff

Bernard Madoff has been given the maximum sentence of 150 years for masterminding the biggest self-confessed fraud in US history.

During a hearing to decide his sentence, ten of Madoff’s victims told the court in emotional terms of the affect the $65bn (£40bn) crime had had on their lives.


He stole from the rich. He stole from the poor. He stole from the in-between. He had no values.His was a violent crime without the use of a tangible weapon.My life will never be the same. I am financially ruined and will worry every day about how I will take care of my wife.


Life has been a living hell. It feels like the nightmare we can’t wake from.


The man sitting in this courtroom robbed me. He discarded me like road-kill.Forgiveness for now will have to come from someone other than me.


I was introduced to Bernard Madoff 21 years ago at a business meeting. I now view that day as perhaps the unluckiest day of my life. This beast who I call Madoff. He walks among us. He dresses like us… but underneath the facade is a true beast.He is an equal-opportunity destroyer.


I can remember the exact second my wife told me the news. The fall-out from having your entire life savings robbed from right under your nose is like nothing you can describe.


Madoff sentenced to 150 years in prison Monday, Jun 29 2009 

NEW YORK (Reuters) – Disgraced financier Bernard Madoff was sentenced to 150 years in prison on Monday for perpetrating the biggest and most brazen investment fraud in Wall Street history.The courtroom erupted in cheers and applause as U.S. District Court Judge Denny Chin imposed the maximum possible prison sentence on the 71-year-old defendant.

Madoff stood facing the judge with his hands clasped in front of him as he learned his fate. “The fraud here was staggering,” Chin said, after listening to angry statements from some of Madoff’s victims.

Before his sentencing, Madoff addressed the court. “I cannot offer you an excuse for my behavior,” he said, speaking in a calm voice. “How do you excuse betraying thousands of investors who entrusted me with their life savings?

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Madoff can expect de facto life term at sentencing Monday, Jun 29 2009 


NEW YORK (Reuters) – Admitted thief Bernard Madoff will leave his jail cell and be taken under guard to court on Monday morning to hear his punishment for running Wall Street’s biggest and most brazen investment scheme.

A U.S. judge is expected to sentence Madoff, 71, to an effective life term in prison during an emotional court hearing starting at 10 a.m. EDT, in which some of his defrauded investors will describe the shock of losing their life savings.