81-year-old ponzi-schemer Bernie Madoff has filed a petition with the Justice Department asking that President Donald Trump reduce his 150-year prison sentence.
Madoff is serving that sentence in a federal prison in Butner, North Carolina, for orchestrating the largest Ponzi scheme in history.
Madoff, who pleaded guilty to 11 crimes in 2009, is not asking for a pardon from the president. Instead, he is requesting clemency from Trump in the form of a sentence commutation, or reduction, according to information on the Justice Department’s web site.
The Justice Department’s website shows the request as pending…
Further, CNBC reports that Madoff’s former longtime secretary also is asking Trump for a commutation of her six-year prison term, according to the Justice Department’s web page.
The secretary Annette Bongiorno, 70, in January saw a federal judge reject her request to the judge to be released into home confinement. Bongiorno has served nearly four-and-a-half years of her prison sentence in a federal facility in New York state.
Peter Madoff, Bernard’s younger brother, pleaded guilty in 2012 to falsifying records at the Madoff investment firm, and to conspiracy to commit securities fraud. He was sentenced to 10 years in prison, and is due to be released in October 2020.
There is no record of a clemency petition from Peter Madoff on the Justice Department’s web site.
Madoff’s sons both died since he was locked up. His oldest son, Mark, hanged himself in December 2010, on the second anniversary of his father’s confession to the Madoff family of his crimes. Madoff’s other son, Andrew, died in 2014 after a long battle with a rare form of cancer.
Neither Andrew nor Mark were ever charged in connection with their father’s crimes.
via ZeroHedge News https://ift.tt/2K5w1DZ Tyler Durden