The Am Law Daily reports that Bernie Madoff has been sentenced to 150 years in prison. For some of the counts, Judge Denny Chin gave the convicted financier 20 years, the maximum amount allowable under the law.
Chin deferred the question of restitution for 90 days.
Chin said from the bench that he didn't agree with the position of Madoff's lead counsel, Ira Sorkin, that victims were seeking "mob justice." Chin called Madoff's fraud "unprecedented" by any monetary measure.
The Am Law Daily has more here.