Posts Tagged ‘investment banking’

Madoff sentenced to 150 years

Monday, June 29th, 2009

News Story:

Bernie Madoff was sentenced to 150 years in prison for operating the biggest Ponzi scheme ever in Wall Street’s history.  His victims numbered in the thousands, and spanned the entire globe.  This is the maximum sentence allowed by law.

Commentary:

I’m glad the judge decided to send such a strong message in this case.  Hopefully the Madoff story will keep some people in the future from falling for  too good to be true investment schemes.