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June 29, 2009

Madoff Faces Sentencing Hearing
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And the jailed financier Bernie Madoff is being sentenced today in a New
York courtroom. Madoff has pleaded guilty to running the biggest Ponzi
scheme in history, defrauding investors of some $64 billion. He faces up
to 150 years in prison. Defense attorneys are seeking a twelve-year
sentence. Ten of Madoff’s dozens of victims have asked permission to
address the court today in support of a lengthy jail term.



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