Madoff gets 150 years for £40bn fraud

Bernard Madoff has been given the maximum prison sentence of 150 years for his role in masterminding a massive fraud that robbed investors of $65bn (£40bn).

The sentence, which means Madoff will spend the rest of his life in jail, was greeted with cheers and applause in the packed courtroom.

US District Judge Denny Chin said he wanted to send a message that Madoff’s crimes were “extraordinarily evil”.

Madoff’s lawyer had sought a more lenient sentence of 12 years.

Judge Chin gave Madoff the maximum sentence on all 11 charges, which included securities fraud and money laundering.

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