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Today is Friday, March 19, 2010 at
-
Countdown to Market Close:
Denver Post – Bernard Madoff asked a federal judge this week to sentence him to as little as 12 years in prison after he pleaded guilty earlier this year to operating a massive, decades - long Ponzi scheme .
In a letter filed late Monday and made public Tuesday, Ira Sorkin, a lawyer for Madoff, asked U.S. District Judge Denny Chin to sentence his client to less than a life sentence.
"Mr. Madoff is currently 71 years old and has an approximate life expectancy of 13 years ," Sorkin said. "A prison term of 12 years &mdash ; just short of an effective life sentence &mdash ; will sufficiently address the goals of deterrence, protecting the public and promoting respect for the law without being greater than necessary to achieve them."
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Tags:
13 years ,
bernard madoff ,
decades ,
denver post ,
deterrence ,
district judge ,
federal judge ,
ira ,
judge denny chin ,
lawyer ,
life expectancy ,
life sentence ,
mdash ,
ponzi scheme ,
prison-term ,
protecting the public ,
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Tags: 13 years , bernard madoff , decades , denver post , deterrence , district judge , federal judge , ira , judge denny chin , lawyer , life expectancy , life sentence , mdash , ponzi scheme , prison-term , protecting the public
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