Ponzi scheme king Bernie Madoff denied compassionate prison release by federal judge

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Ponzi scheme king Bernie Madoff denied compassionate prison release by federal judge
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A federal judge Thursday denied notorious Ponzi scheme fraudster Bernie Madoff compassionate release from a 150-year prison sentence despite Madoff's argument that he is dying from kidney disease.

Madoff's lawyer Bernard Sample, in a statement ot CNBC, said that U.S. District Judge Denny Chin "recognized today that Madoff's health is in serious decline and that he is, in fact, terminally ill."

"Our only hope now is that President Trump will show mercy to Madoff by granting a sentence commutation," Sample said.Madoff's lawyer Bernard Sample, in a statement to CNBC, said that U.S. District Judge Denny Chin "recognized today that Madoff's health is in serious decline and that he is, in fact, terminally ill."

"Nonetheless, Judge Chin essentially found that because of the nature of Madoff's crimes — Madoff is beyond redemption," the lawyer said. "We are disappointed with Judge Chin's refusal to grant Madoff any compassion," Sample said. The attorney added, "Our only hope now is that President Trump will show mercy to Madoff by granting a sentence commutation. We implore the president to personally consider Madoff's rapidly declining health. President Trump, through his leadership on the First Step Act, has demonstrated his commitment to mercy and redemption."

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