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: Breaking Legal NewsFrenzy outside the court: Madoff gets 150 years
By (Breaking Legal News)
Madoff "discarded me like road kill," Siegman said.
Even before the one-time financier was sentenced to 150 years in prison, Siegman, 65, hobbled out of the federal courthouse and into the media scrum that has followed the secretive money manager from his Upper East Side apartment seven months ago to this sentencing Monday.
There, anger toward Madoff appeared to have shifted more to the regulators that many believe failed to stop the massive fraud. Victims and nearby protesters took the government to task for not preventing Madoff's Ponzi scheme. U.S. District Judge Denny Chin said estimated losses for investors were more than $13 billion, but he said that was conservative.
The crush of TV cameras and reporters spilled out into the street in front of oncoming traffic as New York City police tried to hem in the crowd.
Siegman, surrounded by cameras, said she lost 40 years of savings and now scavenges for food. Appearing frail and supporting herself on a walker, she began to feel unwell while speaking with reporters. The questions kept coming even as she ate a cookie to raise her blood sugar.
Full post as published by Breaking Legal News on June 30, 2009 (boomark / email).
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