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That’s Life….as in sentence! (and other news)

From Courthouse News Service:

A federal judge sentenced convicted Wall Street swindler Bernard Madoff to 150 years in prison for orchestrating the largest and most sweeping Ponzi scheme in history. Scattered applause broke out in the crowded courtroom after the judge issued the maximum sentence to the disgraced 71-year-old.

U.S. District Judge Denny Chin rejected a request by Madoff’s lawyer for leniency and said he disagreed that victims of the scheme were seeking “mob vengeance.”

Chin called Madoff’s crimes “extraordinarily evil,” and said it “was not merely a bloodless crime that takes place on paper but one that takes a staggering human toll.” He said the maximum sentence was important for deterrence.

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