Bernie Madoff Sentenced to 150 Years in Prison

-Photo by Getty Images-


Somewhere Kevin Bacon is doing his Footloose dance.

Businessman Bernie Madoff was sentenced to 150 years in prison today, for swindling a bunch of people, including Kevin and his wife, Kyra Sedgewick, and other celebs like Steven Spielberg and Jeffrey Katzenberg, out of millions of dollars.

Federal investigators have identified 1,341 investors who trusted Madoff -- and now who have losses exceeding $13 billion.

Before receiving his sentence, Madoff attempted to apologize in court.

"I live in a tormented state for all the pain and suffering I created," he said. "I left a legacy of shame. It is something I will live with for the rest of my life."

"Saying I'm sorry is not enough. I turn to face you. I know it will not help. I'm sorry," he said to the victims in the courtroom. 

"How can you excuse betraying thousands of investors?" he asked. "How can you excuse deceiving hundreds of employees? How can you excuse lying to and deceiving your wife who still stands by you?"

You can't, and unfortunately the 150 years doesn't get the cash back to all those people.

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