Bernard Madoff set to be sentenced

(AP) - Disgraced financier Bernard Madoff is due backin court to hear his punishment for running a massive Ponzi scheme. Madoff's lawyer has asked a

NEW YORK - (AP) - Disgraced financier Bernard Madoff is due backin court to hear his punishment for running a massive Ponzi scheme. Madoff's lawyer has asked a judge to give his 71-year-old client12 years behind bars. Prosecutors plan to seek a 150-year prisonterm. Ten victims have sought permission to speak at Madoff'ssentencing Monday in federal court in Manhattan. Madoff also isexpected to speak. The former Nasdaq chairman was arrested late last year afterconfessing to his sons that his secretive investment advisorybusiness was a "big lie." He pleaded guilty to securities fraudand other charges in March and has been jailed ever since.

advertisement | advertise on News 12

Trending Video

At least seven alleged gang member were arrested 1 7 arrested after gang takedown in the Bronx
The incident happened on Feb. 17, on Burnside 2 Man accused of robbing livery driver in the Bronx
Police say Keith Wright was escorted out of 3 Bronx bishop faces assault charge
4 VIDEO: NY Doll Collection showcases new line of dolls for spring
News 12 hit the streets to find out 5 Word on the Street: Favorite U.S President

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE