In a courtroom packed with several hundred spectators—some of them his ruined victims—Ponzi-schemer Bernard Madoff was sentenced to 150 years in prison by U.S. District Judge Denny Chin. In the courtroom, Madoff told Chin, federal prosecutors and his victims that he thought he could "work his way out" of fraud and that he lives in a "tormented state." He added that he lied to his brother and sons and that his wife Ruth Madoff cries herself to sleep each night. He did turn to face his victims briefly and said:
"I'm sorry; I know that doesn't help you. I cannot offer you an excuse for my behavior. "How do you excuse betraying thousands of investors who entrusted me with their life savings? How do you excuse deceiving 200 employees who spent most of their working life with me? How do you excuse lying to a brother and two sons who spent their entire lives helping to build a successful business? How do you excuse lying to a wife who stood by you for 50 years?"Good questions!



