Claus Jun News Today

New York Law Journal, which is headlined "Madoff Lawyer Asks Judge to Ignore Hysteria, Impose 12-Year Sentence," the legal team for Bernie Madoff has come up with an interesting proposed sentencing number: If you are arguing that Bernard L. Madoff should be given a break, you work with what you have. Attempting to mitigate a maximum sentence of 150 years for a client whose name has become synonymous with greed, defense attorney Ira Lee Sorkin asked a federal judge this morning to set aside the...

The New York Times has this fascinating new lengthy article about the famous sentencing of an infamous white-collar offender.  The piece is headlined "Judge Explains 150-Year Sentence for Madoff, and here is how it starts: With the sentencing of Bernard L. Madoff only a week away, Judge Denny Chin received a letter from Mr. Madoff’s lawyer asking for a prison term substantially below the 150-year maximum.  The lawyer, Ira Lee Sorkin, listed several reasons, including Mr. Madoff’s confes...

"Will Madoff ever leave prison alive?" The title of this post is the headline of this new piece at CNNMoney.  Here is how the piece starts: Convicted Ponzi scammer Bernard Madoff will probably spend the rest of his life in jail.  On June 29, Judge Denny Chin of the U.S. District Court in New York sentences the 71-year-old. The maximum sentence is 150 years in a federal prison, based on Madoffs guilty plea to 11 criminal counts, including fraud, money laundering, perjury, false filing with th...