Bernard Madoff fails to win compassionate release from prison
By Jonathan Stempel NEW YORK (Reuters) - A federal judge on Thursday rejected Bernard Madoff's request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme. Circuit Judge Denny Chin, who called Madoff's crimes 'extraordinarily evil' when imposing a 150-year sentence in June 2009, wrote that while Madoff's failing health was 'most unfortunate,' compassionate release was unwarranted.
By Jonathan Stempel
NEW YORK (Reuters) - A federal judge on Thursday rejected Bernard Madoff's request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme.
Circuit Judge Denny Chin, who called Madoff's crimes "extraordinarily evil" when imposing a 150-year sentence in June 2009, wrote that while Madoff's failing health was "most unfortunate," compassionate release was unwarranted.
"When I sentenced Mr. Madoff in 2009, it was fully my intent that he live out the rest of his life in prison," Chin wrote. "Nothing has happened in the 11 years since to change my thinking."
The judge called Madoff's fraud "one of the egregious financial crimes of our time."
Madoff's lawyer, Brandon Sample, expressed disappointment that Chin found Madoff "beyond redemption," and said his client's last hope was for President Donald Trump to commute his sentence.
Sample has said Madoff, 82, used a wheelchair and had fewer than 18 months to live. The U.S. government opposed early release.
Prosecutors said Madoff used his firm, Bernard L. Madoff Investment Securities LLC, to swindle thousands of individuals, charities, pension funds and hedge funds, including many with ties to the Jewish community.
A court-appointed trustee estimated Madoff's customers lost $17.5 billion, of which $14.3 billion has been recovered.
Madoff was arrested in December 2008 after admitting his fraud to his sons, and pleaded guilty to 11 criminal counts.
About 500 of the 520 victims who wrote to Chin opposed early release, and the judge said Madoff has appeared in public comments to blame them.
"Mr. Madoff was never truly remorseful, and ... was only sorry that his life as he knew it was collapsing around him," Chin wrote.
Madoff sought release under the First Step Act, a 2018 law affording early freedom to some older prisoners, often for health reasons.
The case is U.S. v. Madoff, U.S. District Court, Southern District of New York, No. 09-cr-00213.
(Reporting by Jonathan Stempel; Editing by Sandra Maler and Richard Chang)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.