Mr. Bernard L. Madoff, a financier who ran a Ponzi scheme scam for decades and defrauded investors out of billions of dollars has been sentenced through Judge Denny Chin to 150 years in jail.

“I’m responsible for a great deal of suffering and pain, I understand that I live in a tormented state now, knowing all of the pain and suffering that I’ve created. I’ve left a legacy of shame, as some of my victims have pointed out, to my family and my grandchildren.” The 71-year-old Madoff told the court.

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