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June 30, 2009

Madoff Given 150-Year Sentence
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The billionaire financier Bernie Madoff has been sentenced to 150 years
in prison, the maximum sentence allowed. Madoff pleaded guilty in March
to running a massive Ponzi scheme that defrauded investors of some $50
billion. Many of Madoff’s victims attended the sentencing Monday and
broke into applause after the jail term was announced.



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