Madoff jailed for 150 years
29/06/2009 - 16:40:25International fraudster Bernard Madoff was jailed for the rest of his life today for swindling investors out of billions of dollars.
The 71-year-old was sentenced to 150 years after he, 10 of his victims and lawyers on both sides had addressed the court.
Dozens of those who lost fortunes in his pyramid-based Ponzi investment fraud that lasted decades filled the New York courthouse having spent hours queueing to get seats.
Madoff, a former Nasdaq chairman, pleaded guilty to securities fraud and other charges in March and has since been held in jail.
