Bernard Madoff Sentence
June 29th, 2009 |
Posted by Charlie
Bernard Madoff sentence was given today. The 70-year-old Bernard Madoff, well respected in the investment community after serving as chairman of the Nasdaq Stock Market, was arrested on charges of duping number of investors in his ponzi scheme. The investors ranged from pensioners, to super rich, to major financial institutes to charity organisations. He allegedly stole $50 billion and caused tragedy to number of lives. His case is under trial for sentence in the court where he has been charged for 11 criminal counts including money laundering, perjury and securities, mail and wire fraud.
Here are our predictions for the Bernard Madoff Verdict:
Bernard Madoff was found guilty of one of the biggest financial frauds in history. His was given a life sentence by the US court. The court considering the public outcry gave a life sentence to Bernard Madoff. The fraudster had absolutely no chance of getting back home after being the public enemy and spreading financial terror.
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