Madoff Gets 150 Years in Jail

Bernie Madoff, the West Palm Beach financial demon who ripped off thousands of investors, many in South Florida, has been sentenced to the maximum 150 years behind bars. 

"I'm responsible for a great deal of suffering and pain, I understand that. I live in a tormented state now, knowing all of the pain and suffering that I've created. I've left a legacy of shame, as some of my victims have pointed out, to my family and my grandchildren," Madoff said in court.

Madoff's lawyers suggested that he deserved only 12 years in jail -- though at 71 years old, he wouldn't get out even then until he was 83. Now it seems he'll spend the rest of his life in jail.

[NYTimes: Madoff Sentenced to 150 Years in Prison for Ponzi Scheme]

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Kyle Munzenrieder