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After swindling billions from investors Bernie Madoff could face 150 years in jail after pleading guilty to the charges that have been filed against him. The plea deal would protect his wife, who has much of the property and assets obtained by Madoff in her name.
Authorities have been reviewing Madoff’s finances and say that the losses are “more likely much less and that higher numbers reflect false profits he promised to investors.” Thus far, authorities have found around $1 billion for the investors who were swindled out of their money.

At the trial on Thursday, where he told the judge today he would plead guilty, he is expected to hear from 25 jilted investors who lost their life savings in his scams. While they are unlikely to receive any kind of compensation for their, most likely, heart felt testimony, the judge will also hear it and be able to sentence this criminal to jail for at least the rest of his life.

Jeremy

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