Bernard Madoff would be stripped of all his possessions under a $171 billion forfeiture order handed down only days before prosecutors seek to put the disgraced financier away in prison for the rest of his life. U.S. District Judge Denny Chin entered the preliminary order Friday, ruling ...

Bernard Madoff would be stripped of all his possessions under a $171 billion forfeiture order handed down only days before prosecutors seek to put the disgraced financier away in prison for the rest of his life. U.S. District Judge Denny Chin entered the preliminary order Friday, ruling ...

A lawyer for disgraced financier Bernard Madoff Tuesday sought a sentence of 12 years or less for his aging client, who he says "has an approximate life expectancy of 13 years." In a letter to the judge overseeing the case in New York, attorney Ira Sorkin said any sentence longer than 12 years would constitute "an effective life sentence" for ...