Madoff's Attorney Seeks 12-Year Sentence for Convicted Ponzi Schemer

The man who prosecutors say ran a $65 billion Ponzi scheme, the biggest financial scam in U.S. history, should spend 12 years behind bars according to his defense attorney. Bernard Madoff's lawyer, Ira Sorkin, has asked U.S. District Judge Denny Chin to consider a 12 year prison sentence for his client saying his client has cooperated with the investigation. "A prison term of 12 years – just short of an effective life sentence- will sufficiently address the goals of deterrence, protecting the...Full Story
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