Bernie Madoff sentenced to 150 years in prison - KAIT Jonesboro, AR - Region 8 News, weather, sports

Bernie Madoff sentenced to 150 years in prison

NEW YORK (AP) - Bernard Madoff has been sentenced to 150 years in prison for his multibillion-dollar fraud scheme.

U.S. District Judge Denny Chin handed down the sentenced in New York on Monday.

The 71-year-old former Nasdaq chairman was arrested late last year after confessing to his sons that his secretive investment advisory business was a "big lie."

He pleaded guilty to securities fraud and other charges in March and has been jailed since.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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