Madoff is poster boy for Wall Street greed
Chronicle Staff
Published: Wednesday, March 18th, 2009 |
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Wall Street financier Bernard Madoff, 70, is going to jail for a long, long time after pleading guilty to defrauding his investors in a widespread Ponzi scheme. He faces up to 150 years in prison after pleading guilty to 11 criminal counts over an allegedly fraudulent $50 billion investment fund.
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