NEW YORK (AP) – A judge has rejected Ponzi king Bernard Madoff’s bid for early release from his 150-year prison sentence.
Judge Denny Chin, who now sits on a federal appeals court, noted the continuing suffering of Madoff’s victims as he rejected on Thursday the financier’s request to be freed because he has less than a year and a half to live.
Chin said he intended for Madoff to die behind bars when he sentenced him in 2009 and nothing has happened since then to change his mind.
Madoff, now 82, pleaded guilty to fraud charges 11 years ago. He admitted cheating thousands of victims out of $17.5 billion.