Judge Denny Chin

The White House plans to nominate the judge who presided over the Bernard Madoff case to the appeals court that Supreme Court Justice Sonia Sotomayor served on, Sen. Charles Schumer said Wednesday. Schumer said in a statement that his office told the White House that U.S. District Judge Denny Chin "would be an outstanding choice" for an appointment to the 2nd U.S. Circuit Court of Appeals in Manhattan. One of the four openings on the appeals court was created Sotomayor was elevated to the U.S. Supreme Court. She heard her first case as a justice on Wednesday. Chin, 55, sentenced Wall Street swindler Madoff ... Read Full Story

NEW YORK (Reuters) - U.S. District Court Judge Denny Chin, who sentenced swindler Bernard Madoff to 150 years in prison, will be nominated for an appeals court seat, U.S. Senator Charles Schumer said on Wednesday. There are four vacancies on the U.S. Court of Appeals for the Second Circuit in New York, the court where U.S. Supreme Court Justice Sonia Sotomayor served until she was sworn in to the high court on August 8. A fifth vacancy to the appeals court in New York is expected to open in October. "We told the White House that Judge Chin would be an outstanding choice for ... Read Full Story

Inside a packed Manhattan courtroom, Miriam Siegman and eight other victims of Bernard Madoff directed their anger at the 71-year-old disgraced financier. Madoff "discarded me like road kill," Siegman said. Even before the one-time financier was sentenced to 150 years in prison, Siegman hobbled out of the federal courthouse and into the media scrum that has followed the secretive money manager from his Upper East Side apartment seven months ago to this sentencing Monday. There, anger toward Madoff appeared to have shifted more to the regulators that many believe failed to stop the massive fraud. Victims and nearby protesters took the government to task ... Read Full Story

MADOFF GETS THE MAX Short apology, long sentence. "I'm sorry. I know that doesn't help you," said Ponzi schemester Bernard Madoff as part of his statement to victims assembled in Manhattan federal court for his June 29 sentencing. "One hundred fifty years," said U.S. District Judge Denny Chin, calling Madoff's crimes "evil." The judge also said he thought Madoff had not fully cooperated with authorities since his arrest in December and not a single friend or relative had written to attest to Madoff's good character or charitable deeds. On June 30, the Associated Press reported that prosecutors are looking into criminal charges against as ... Read Full Story

NEW YORK (Reuters) - Admitted thief Bernard Madoff was moved from his New York jail cell on Monday and was en route to federal prison, a U.S. prison official said. Disgraced financier Madoff, who has spent the last four months in jail after pleading guilty to a worldwide fraud of as much as $65 billion, was sentenced to 150 years imprisonment by a judge on June 29. "He is in transit to another facility," said Scott Sussman, a spokesman for the Manhattan Correctional Center next door to the courthouse where Madoff confessed to his crimes in front of defrauded investors. Sussman declined to provide ... Read Full Story