Bernard Madoff was sentenced on June 29, 2009 to 150 years in federal prison for his white-collar crimes in Los Angeles as well as throughout the United States. His Los Angeles Ponzi scheme effected thousands of victims. Many were here in Southern California, but the fraud was determined to have occurred throughout the world. Madoff was represented by a top notch Los Angeles white-collar defense attorney.
The sentence was the absolute maximum that United States District Court Judge Denny Chin was able to imposed under the Federal sentencing guidelines. US Marshalls had to quiet the gallery when the spectators let out screams of joy as the 71-year-old Madoff was sentenced. Southern California White-collar crimes usually do not carry heavy sentences. Usually, people are able to payback some or all o the victim’s money and the courts tend to go more lenient on the defendants. For example, a well known Hollywood producer was recently arrested for stealing half a million dollars from a major movie studio here in Los Angeles. The Southern California white-collar defense attorney was able to convince the District Attorney to allow the defendant to plead to one felony count of forgery with no jail time, and after three years of probation, the case can be reduced to a misdemeanor and dismissed from his record entirely.
Those interviewed outside of the courthouse claimed that Madoff was a given a life sentence just as the victims had been a life sentence for the loss of their entire fortunes at the hands of Madoff.
If you have been charged or investigated with committing a Los Angeles white-collar fraud or grand theft in Southern California, please contact Los Angeles criminal defense attorney Michael Kraut for 24/7 assistance by phone at (323) 464-6453 or toll free at (888) 334-6344 or online.