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Noting the triple-digit impact of the Bernie Benchmark

By Douglas A. Berman

Regular readers may recall my Bernie Madoff sentencing reaction-prediction that "though the choice of the magic sentencing number of 150 years ? as opposed to 30 years or 50 years or 100 years ? really means very little to Bernie Madoff, it could end up meaning a lot to the government and to some future defendants as a new white-collar sentencing benchmark."  Amir Efrati has this effective new piece on this topic at the WSJ Law Blog, which is titled "Possible Madoff Effect: Triple-Digit White-Collar Prison Sentences." Here are a few excerpts: When Bernard Madoff last year received a prison sentence of 150 years for committing arguably the largest financial crime by an individual in U.S. history, the public cheered. ?Symbolism is important,? said Denny Chin, a federal judge in Manhattan, at Madoff?s sentencing hearing...continue to full post

Full post as published by Sentencing Law and Policy on February 19, 2010 (boomark / email).