Bernie Madoff: judge denies sentence reduction bid
Madoff has terminal illness, attorneys say
A federal judge denied infamous Ponzi schemer Bernie Madoff’s request for early release.
Madoff’s attorneys had asked the court for compassionate release, saying he’s suffering from terminal kidney failure. They previously said he’s expected to live less than 18 months.
Bernard Madoff walks out from Federal Court after a bail hearing in Manhattan January 5, 2009 in New York City. (Photo by Hiroko Masuike/Getty Images)
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Second Circuit Appeals Court Judge Denny Chin on Thursday denied Madoff’s request and denied to hold a hearing about the request.
Madoff is serving a 150-year sentence for bilking investors out of billions of dollars. The victims of Madoff’s scheme included celebrities, wealthy investors and even the Wilpon family, owners of the New York Mets.
Bernie Madoff's mug shot (File Photo)
BERNIE MADOFF TERMINALLY ILL, SEEKS EARLY PRISON RELEASE
As of May 22, more than $14.3 billion had been recovered, according to the Madoff Recovery Initiative.
Check back for more on this developing story.