Federal judge Denny Chin sentenced Bernard Madoff to 150 years in prison today. In March, Madoff plead guilty to eleven criminal counts related to his collapsed Ponzi scheme.
The WSJ reports that the judge approved a “preliminary forfeiture order” of $170 billion against the former investor, reportedly leaving him “penniless.” There’s nothing left to do except write a book. Back in January, eight different writers were shopping books about the scandal.
The website DailyLit has already serialized a book about the Madoff scandal, here’s a link: “The stranger-than-fiction story of how one well-respected money manager built a business empire over decades by means of a classic Ponzi scheme. (This is a fraudulent investment strategy which pays returns to early investors with money put in later by subsequent investors.)”