Madoff Sentenced To 150 Years In Prison
June 29, 2009 at 8:40 AM (PT)
BERNARD MADOFF, the mastermind behind the largest and most sweeping Ponzi scheme ever, has been sentenced to 150 years in prison.
The ponzi scheme touched the music and media business, with talk-show host LARRY KING, STEVEN SPIELBERG's charitable foundations, as well as the estate of singer/songwriter JOHN DENVER and late CBS television boss WILLIAM PALEY, among the financial victims.
Also, late ATLANTIC RECORDS impresario AHMET ERTEGUN was identified as an investor.