The man whom prosecutors say ran the biggest financial fraud in U.S. history will be sentenced in a New York courtroom today and faces up to 150 years in jail. Many of Bernard Madoff's investor victims will be there to watch as the man who ruined their lives learns his fate.
The government has requested that Judge Denny Chin sentence Madoff to a term that is the equivalent to consecutive maximum sentences for all the counts in his indictment for masterminding the $65 billion Ponzi scheme that robbed senior citizens, family members, and even charities of billions of dollars.
Click here for complete Blotter coverage of Madoff and his Ponzi scheme.
Bernie's wife, Ruth Madoff, will not be in the courtroom reportedly because she fears seeing the victims face to face, many of whom were once close friends.
His sons Andrew and Mark also will not be there. After their father confessed his crimes to them, they called the FBI and have not talked with their father, or mother, since. While neither son has been charged with any wrongdoing, the investigation continues.
People who spent time with Madoff after the arrest say he showed not remorse but contempt for his victims, even after two of them committed suicide.
"He did not seem like the most contrite person I've ever met," said former New York City police detective Nick Casale, who spent weeks guarding Madoff.
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