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Published 15-07-2009 17:50
Madoff begins first day of 150 years prison sentence
Madoff begins first day of 150 years prison sentence
Convicted Ponzi-scheme operator Bernard Madoff arrived at a federal prison in North Carolina to begin serving his 150-year prison term.
Madoff will be held in one of two medium-security facilities, and will likely have a cell mate who could be a convict sentenced for a similar white-collar crime or something violent.
Madoff pleaded guilty in March to charges that his investment advisory business was a multibillion-dollar scheme that wiped out thousands of investors and ruined charities.
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