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Topics: bernard madoff

Thursday, 30 July 2009

image for Bernard Madoff's 150-year sentence to be reduced
Mr Madoff's new financial services office in New York

Bernard Madoff's 150 year sentence for being financially naughty with other people's money is to be reduced.

Following a heartfelt plea to the judge by his wife - although why the judge's wife should plea for Mr Madoff remains a total mystery - the 150-year sentence has been considerably reduced.

Taking almost 7 hours to reach his decision, the judge arrived back in the packed courthouse to deliver his fresh verdict.

In his summation, the judge conceded that Mr Madoff had probably learnt his lesson. He added that robbing Peter to pay Paul - admittedly in Mr Madoff's case a shedload of Peters and an equally large shedload of Pauls - is not the best way to do business, and that conning and robbing the public is the job of professional bank Chief Executives.

Mr Madoff's 150-year sentence has now been reduced to 130 years.

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