his fruit cup for a pack a smokes, because it looks like Mr. Madoff is headed to the big house. We talked about Madoff quite a bit when the news broke. I would say that the majority of Trader's Blog visitors screamed that Madoff should be locked up, but that the investors he worked with should have never expected such outlandish returns.
CNN just broke this story...
Madoff sentenced to 150 years - Federal judge gives maximum sentence to Ponzi mastermind following his apology and victims' request for life sentence.
NEW YORK (CNNMoney.com) -- A federal judge sentenced Bernard Madoff, the convicted mastermind of the largest and most sweeping Ponzi scheme ever, to the maximum sentence of 150 years in federal court Monday.
Judge Denny Chin of U.S. District Court in New York announced the sentence just moments after Madoff apologized to his victims. Continue reading "Madoff will be trading again..."