Tax Code Helps Investment Fraud Victims Recover Financial Losses as Madoff is Sentenced to 150 Years in Prison
Monday, June 29th, 2009Bernard Madoff was sentenced to 150 years in prison today. According to MSNBC, the disgraced investor received the maximum sentence for his massive Ponzi scheme and apologized to victims for the multibillion-dollar fraud scheme that the judge called “extraordinarily evil.” An investigation has found that in reality, Madoff never made any investments, instead using the money from new investors to pay returns to existing clients — and to finance a
