Is Social Security a Ponzi Scheme

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Madoff Sentenced to 150 Years

Ponzi scheme mastermind Bernard Madoff, 71, was sentenced Monday to a 150-year prison sentence. That means he will soon be sent to a real prison with real bars and violent offenders, not a "country club" for white collar crooks, experts say.

Madoff has been held at a Manhattan jail since March 12, when he confessed to 11 felony counts for orchestrating the largest Ponzi scheme of all time. For decades, Madoff stole billions of dollars from more than a thousand victims, while masquerading as a legitimate businessman through his investment firm.

read the CNN story

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