NEW YORK (CNNMoney.com) -- Convicted Ponzi scammer Bernard Madoff will probably spend the rest of his life in jail.
On June 29, Judge Denny Chin of the U.S. District Court in New York sentences the 71-year-old. The maximum sentence is 150 years in a federal prison, based on Madoff's guilty plea to 11 criminal counts, including fraud, money laundering, perjury, false filing with the Securities and Exchange Commission, and other crimes.
Madoff's lawyer, Ira Lee Sorkin, has requested a 12-year sentence, based on his calculations that Madoff has "an approximate life expectancy of 13 years."
throw the jew down the well