Hundreds Expected At Madoff Sentencing In NYC

NEW YORK -- The sentencing tomorrow of disgraced financier Bernard Madoff is expected to draw a crowd.

Officials say hundreds of people are expected.

Several people among the estimated thousands who were swindled by Madoff have asked to speak before a judge sentences him.

The courtroom seats about 300 people and hundreds more will be able to watch the proceedings on televisions downstairs.

Prosecutors are seeking a 150-year prison sentence.

The defense has asked for a 12-year term because of Madoff's age.

The judge has ordered the 71-year-old Madoff to forfeit his interests in all property, including real estate, investments, cars and boats, valued at $171 billion.

Madoff pleaded guilty in March to charges that his exclusive investment advisory business was actually a massive Ponzi scheme.

Federal prosecutors say Madoff orchestrated perhaps the largest financial swindle in history.

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  • by MrT Location: LaNC on Jun 29, 2009 at 05:33 AM
    If these people are all broke because of Bernie, then they should be working instead of sitting around the courthouse, hoping the judge will award them a handout.

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