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Madoff Scandal

Madoff Scandal

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MADOFF SCANDAL: CONDEMNED TO 150YRSAggiungi ai preferitiPreferiti Facebook Delicoius LinkedIn Google Yahoo MySpace Digg Twitter Netvibes Reddit Live Facebook Google Yahoo Twitter Stampa � � � � Invia questo articolo(AGI) - New York, 29 Jun.

- Judge Denny Chin of the Manhattan District Court has condemned financier Bernard Madoff, 71yrs, to 150 years in prison for the greatest act of fraud in the history of Wall Street.

The sentence, which accepts all requests by the prosecution, was welcomed by yells and applause from the victims of fraud present to testify against the ex-president of the Nasdaq.

Having forged one of the largest fraudulent schemes in history - based on the "ponzi scheme" - whose total value fell between 50 and 65 billion dollars, Madoff was arrested last winter and admitted to his crimes in front of a tribunal this March.

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http://www.agi.it/english-version/business/elenco-notizie/200906291843-eco-ren0058-madoff_scandal_condemned_to_150yrs
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