bernie-madoff

Sorry pal, the law won!

On Monday, Bernie Madoff was sentenced to 150 years in prison for the biggest fraud scheme in history.

Madoff’s lawyers were trying to get a lighter sentence of about 7-10 years but the judge just wasn’t feeling the lenient sentence.

The 71-year old said that he now lives “in a tormented state now, knowing the pain and suffering I’ve created.”

District Judge Denny Chin issued the maximum sentence stating “Here the message must be sent that Mr. Madoff’s crimes were extraordinarily evil and that this kind of manipulation of the system is not just a bloodless crime that takes place on paper, but one instead that takes a staggering toll.”

Bernie addressed the court and his victims telling them that he was very sorry for his actions, but clearly those words meant nothing at this point.

damn right moron!

Ruth Madoff even gave a statement saying that she was lied to by her husband and that she knew nothing of the fraud her husband was committing.

Ruth stated “I am embarrassed and ashamed,” she said. “Like everyone else, I feel betrayed and confused. The man who committed this horrible fraud is not the man whom I have known for all these years.”

not sure anyone actually believes that Ruth didn’t know swat about what was going on?

As part of the sentence, Bernie and his wife must sell their $7 million Manhattan apartment, an $11 million estate in Palm Beach, FL, and a $4 million home on Long Island. Other assets include a place in France, and a $2.2 million boat that the couple own.

Ruth is allowed to walk away with $2.5 million.

We doubt this is all Ruth will be left with.

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Ben Sherman (eFashion Solutions)
Sirius Satellite Radio Inc.