No More Penthouse Lifestyle: Madoff Faces 150 Year Sentence

Bernard Madoff will soon trade his Upper East Side penthouse for the big house and is expected to remain there for the rest of his life. The disgraced financier who allegedly ran a $50 billion Ponzi scheme is expected to plead guilty this week to 11 felony charges including securities fraud, mail fraud, wire fraud, money laundering, and perjury. The maximum sentence for Madoff, 70, is 150 years. "The charges reflect an extraordinary array of crimes committed by Bernard Madoff for over 20...Full Story
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