Madoff fails to win compassionate release from prison

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NEW YORK: A federal judge on Thursday (Jun 4) rejected Bernard Madoff's request to be released early from prison because he was dying of kidney ...

NEW YORK: A federal judge on Thursday rejected Bernard Madoff's request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme.

Sample has said Madoff, 82, used a wheelchair and had fewer than 18 months to live. The US government opposed early release.Prosecutors said Madoff used his firm, Bernard L. Madoff Investment Securities LLC, to swindle thousands of individuals, charities, pension funds and hedge funds, including many with ties to the Jewish community.

Madoff was arrested in December 2008 after admitting his fraud to his sons, and pleaded guilty to 11 criminal counts.

 

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Description of the photo: 'Accused swindler Bernard Madoff exits the Manhattan federal court house in New York on Jan 14, 2009. Madoff was convicted and is now imprisoned for his crimes. Small details matter in journalism. Fact check pls.

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