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Bernard Madoff is scheduled to appear before Manhattan judge Denny chin to receive his sentence. Madoff could face up to 150 years in prison for conducting one of the most elaborate Ponzi schemes to date. In legal action last Friday he was stripped of his property. His lawyer Lee Sorkin asked the court for a 12 year sentence because Madoff's life expectancy is only 13 years. Currently Madoff is 71 years old.
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