Madoff Sentenced to Maximum 150 Years
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Retribution, deterrence, and symbolism for the victims, said U.S. District Judge Denny Chin, were among the most important factors in his decision to sentence Bernard L. Madoff to 150 years in prison. The sentence means that Madoff left U.S. District Court in Manhattan on June 29 to face what will undoubtedly be the rest of his life behind bars. As Madoff's lawyer reminded the judge during the proceedings, his 71-year old client would need to live to age 221 to experience a day of freedom.
Cheers erupted in the packed courtroom and the two overflow rooms when Chin delivered the news.