Judge Denny Chin today sentenced disgraced financier Bernard Madoff to the maximum possible sentence - 150 years.
It is interesting to note that none of the individual crimes to which Madoff pleaded guilty carries a sentence greater than 20 years. The 150 years is derived from having the sentences run in consecutive terms rather than the more common method of concurrent terms. As noted over on the WSJ Law Blog last week:
In most federal cases in which there are multiple charges, the judge sentences a defendant to serve a prison term on the most serious count, and then the others are served concurrently with that one. It is rare that a judge sentences a person to the maximum for every count, but that's what the government advises here
As noted in the Saturday edition of the WSJ (sub. req'd), Madoff is not eligible for a minimum security prison camp, and thus is likely to be sent to one of the low- or medium-security prisons near New York City like Fort Dix, N.J., Otisville, N.Y., or Allenwood, Pa.