NEW YORK, June 23, 2009

Madoff Lawyer: 12 Years Would Be Fair

Attorney Asks Judge Not To Disproportionately Punish 71-Year-Old Ponzi Scheme Operator

  • Bernard Madoff

    Bernard Madoff  (U.S. Marshals Service)

  • Photo Essay Bernard Madoff

    Disgraced financier charged with perpetrating massive fraud.

(AP)  A lawyer for failed financier Bernard Madoff has told a Manhattan judge who will sentence him that a prison term of 12 years would be fair.

Attorney Ira Sorkin says such a sentence will not disproportionately punish his client compared to other white collar criminals.

Federal Judge Denny Chin is scheduled to sentence Madoff next Monday.

The 71-year-old Madoff pleaded guilty March 12. He admitted operating a massive Ponzi scheme. He faces up to 150 years in prison.

Dozens of Madoff's victims have already urged the judge to make sure Madoff spends the rest of his life in prison.

Madoff has been jailed since pleading guilty to 11 felony counts including securities fraud and perjury.


© MMIX The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
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by thoughtxchange2 June 23, 2009 7:52 PM EDT
I vote for the electric chair- of the style shown in the movie The Green Mile. How many lives did this man affect? How much pain and suffering has he caused? I truly do not see how he can live with himself. Hope some of his prision buddies give him a daily screw in the same way his victims are getting the same everyday.
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by June 23, 2009 7:00 PM EDT
How many lives has he ruined? How many deaths has he caused (suicides)? 12 years is NOT even close ... and will he be held in a prison cell that everyone else is in or will he have GREAT accomodations and have a luxurious(sp?) cell? We all know that money talks and you can bet he still have a lot of it stashed away somewhere.
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by mikekleber June 23, 2009 6:36 PM EDT
Have every person he stole money from gather in Times Square, then turn him loose in the center of the crowd. Justice would then be served.
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by burneb June 23, 2009 6:33 PM EDT
150 years for Madoff seems fair enough. Perhaps the 12 years should be for Sorkoff.
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by krzeaz June 23, 2009 5:42 PM EDT
Bring out the guillotine.
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by stn_sage June 23, 2009 5:32 PM EDT
How about a good old-fashioned HANGING?!
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by ToolMangler1 June 23, 2009 5:23 PM EDT
He ruined thousands of lives, why should his be spared?
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by stinger1z June 23, 2009 4:34 PM EDT
Let him rot, he'll spend the rest of his miserable life in jail/civil courts anyway. I hope he dies on his last day in prison, effectively a life sentence.
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by Ordflyer June 23, 2009 4:30 PM EDT
SEND HIM TO GITMO!!!!
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by Ordflyer June 23, 2009 4:22 PM EDT
12 years!!!!???? I can steal 100 BILLION dollars and only get 12 years?????????!!!!!

I'm in!! Sign me up!!!

Whoever (whomever?) said "crime doesn't pay" clearly wasn't referring to billionaire swindlers...

Here's an idea for the federal judge: 1000 years in jail and relinquishing ALL properties of the immediate family.

OR THE ELECTRIC CHAIR!!!!
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