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.
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.
“When I sentenced Mr. Madoff in 2009, it was fully my intent that he live out the rest of his life in prison,” Chin wrote. “Nothing has happened in the 11 years since to change my thinking.”Madoff’s lawyer, Brandon Sample, expressed disappointment that Chin found Madoff “beyond redemption,” and said his client’s last hope was for President Donald Trump to commute his sentence.
A court-appointed trustee estimated Madoff’s customers lost $17.5 billion, of which $14.3 billion has been recovered.
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