Bernie Madoff has filed a petition for commutation of the 150-year prison sentence he’s serving for his epic, $65 billion fraud.
The clemency request is pending, according to the US Justice Department’s website.
While it’s unclear whether Trump will consider Madoff’s application, a commutation would reduce the notorious crook’s sentence either totally or partially — and could eliminate the $170 billion in restitution he was ordered to pay following his 2009 guilty plea — but would not erase his conviction like a pardon.
Marc Litt, who was the lead federal prosecutor in the criminal case against Madoff, told CNBC on Wednesday, “Bernard Madoff received a fair and just sentence – one that both appropriately punished him for decades of criminal conduct that caused devastating damage to tens of thousands of victims, and sent a loud and clear message to deter would-be fraudsters.”
“Madoff’s current request is the very definition of chutzpah,” said Litt.
Madoff, 81, is currently locked up in the medical center at the federal prison complex in Butner, North Carolina, according the federal Bureau of Prisons website.
Read more at THE NY POST.