Bernard L. Madoff leaves US Federal Court docket January 14, 2009.
Timothy A. Clary | Getty Visuals
A federal decide Thursday denied infamous Ponzi scheme fraudster Bernie Madoff compassionate release from a 150-yr prison sentence despite Madoff’s argument that he is dying from kidney sickness.
The ruling came 4 months after the 82-yr-outdated Madoff, who orchestrated the most significant Ponzi scheme in record at his self-named Manhattan investment decision agency, stated in a court docket submitting that he had less than 18 months to reside, and required to devote his remaining days a cost-free person when residing with a friend.
Madoff experienced pleaded guilty in 2009 to 11 crimes connected swindling of billions of bucks from thousands on buyers.
His law firm Bernard Sample, in a assertion to CNBC, reported that U.S. District Decide Denny Chin “recognized right now that Madoff’s wellness is in major decrease and that he is, in truth, terminally ill.”
“Even so, Choose Chin in essence found that due to the fact of the nature of Madoff’s crimes — Madoff is over and above redemption,” the attorney mentioned.
“We are let down with Judge Chin’s refusal to grant Madoff any compassion,” Sample reported.
The attorney included, “Our only hope now is that President Trump will present mercy to Madoff by granting a sentence commutation. We implore the president to personally take into consideration Madoff’s swiftly declining health and fitness. President Trump, by way of his leadership on the Initially Move Act, has demonstrated his determination to mercy and redemption.”
A spokesman for the U.S. Attorney’s Place of work for the Southern District of New York, which prosecuted Madoff, declined to remark on the decision.
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