ponzi schemers

Madoff Asks Judge For 12-Year Sentence

Madoff Asks Judge For 12-Year Sentence

“Mr. Madoff is currently 71 years old and has an approximate life expectancy of 13 years,” wrote Sorkin, whose letter was released on Tuesday. “A prison term of 12 years – just short of an effective life sentence – will sufficiently address the goals of deterrence, protecting the public and promoting respect for the law.”