EJP: One day after Wall Street huckster Bernard Madoff was sentenced to 150 years in prison, investigators remain stumped about the whereabouts of the billions of dollars he stole from his victims.
Federal Judge Denny Chin, at a sentencing hearing Monday, handed the 71-year-old Madoff the toughest possible sentence, placing him behind bars for the rest of his life.
Chin also gave federal authorities an additional 90 days they requested to locate a mountain of money swindled by Madoff, the former Nasdaq chairman once
among the most respected figures in the investment world.
Madoff was the mastermind behind one of the world’s biggest financial scams, which unraveled during the global economic meltdown late last year, robbing thousands of investors of retirement nest eggs and college funds.
Among his victims were Hollywood stars, international celebrities, several of the world’s best-known banks and various Jewish charities, some of which were forced to close after the scheme collapsed.
The fraudster meanwhile enjoyed all the trappings of a fabulously wealthy lifestyle, including four yachts, a Manhattan penthouse, a Florida mansion, a pied-a-terre in the south of France and other luxuries.
Les mer ejp.org