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Bernard Madoff's Lawyer Suggests 12-Year Sentence
By
Jen Chung
Published Jun 23, 2009
Modified Jun 23, 2009
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By
Jen Chung
Published Jun 23, 2009
Modified Jun 23, 2009
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Sure, multi-billion dollar Ponzi scheme mastermind Bernard Madoff knew what he was doing was wrong, but he really doesn't want to face up to 150 years in prison. Today, Ira Sorkin, a lawyer for the 71-year-old disgraced financier, told U.S. District Judge Denny that a 12-year sentence would be sufficient, noting that Madoff's life expectancy is only another 12.6 years and that Madoff "will speak to the shame he has felt and to the pain he has caused." Sorkin added, "The significant anger and resentment evidence in the victims' words is no doubt justified in light of the circumstances of this case. Thankfully, none of the fury expressed in the victim statements has been as shocking as the death threats and anti-Semitic e-mails that have been directed toward Mr. Madoff and his counsel." Chin is scheduled to sentence Madoff next Monday,
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Bernard Madoff
disgraced financier
ponzi scheme
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Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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