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CBS2 Classics

CBS 2 Classics

Madoff Sentencing Under Way


Financier Bernard Madoff arrives at Manhattan Federal court on March 12, 2009, in New York City.
Source: Stephen Chernin/Getty Images

Bernard Madoff has apologized to his family and to the victims of his multibillion-dollar fraud scheme. The 71-year-old financier said Monday at his sentencing that he "will live with this pain, this torment, for the rest of my life." Attorney Ira Sorkin says the 150 years in prison recommended by prosecutors or the 50 years recommended by the federal probation department are excessive.

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