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Bernard Madoff to live 150 years in prison

"Here the message must be sent that Mr. Madoff’s crimes were extraordinarily evil and that this kind of manipulation of the system is not just a bloodless crime that takes place on paper, but one instead that takes a staggering toll," Chin said.

"Objectively speaking, the fraud was staggering," said U.S. District Judge Denny Chin.

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