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Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

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29 Jun 2009 19:18

Madoff to the max



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Bernie Madoff, architect of a $65bn Ponzi scheme, was sentenced to the maximum allowable 150 years in prison on June 29.

On June 26, Madoff's wife, Ruth, gave up her claim to $80m of assets she had argued were not connected with the fraud. The court allowed her to keep $2.5m. On June 29, she made a public statement saying she felt "betrayed and confused".

 

Madoff: 


richard.beales@breakingviews.com

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