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...victims came from all walks of life, and many were "ordinary people who worked hard to save their money and thought it was safe," Chin said. The judge added that he was particularly moved by one victim's statement that described how Madoff assured a woman, whose husband had recently died, that her money was safe and encouraged her to invest more within weeks of the scandal being exposed, even though he knew it was all a fraud. The woman's money is now gone and her home had to be sold, Chin said. (See pictures of the demise...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

...Apologizing and saying I'm sorry is not enough," he said. "I feel terrible," he continued, adding that he was tormented every day by the "pain and suffering" he caused his victims. The only time Madoff turned to the victims was for a brief five-second period during his statement, as he offered them a direct apology. Victims later said this brief gesture meant nothing to them. Outside the courthouse hundreds of people, including many victims and the news media, waited to hear the sentence. When news came just before midday, applause broke...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

Following the sentencing, Madoff's wife Ruth issued a statement. "I am breaking my silence now because my reluctance to speak has been interpreted as indifference or lack of sympathy for the victims of my husband Bernie's crime, which is exactly the opposite of the truth," she said. "Many of my husband's investors were my close friends and family," she said. "And in the days since December, I have read, with immense pain, the wrenching stories of people whose life savings have evaporated because of his crime...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

...order to keep blood flowing. According to the 911 tapes from Jackson's case, his physician was "pumping his chest." That physician and the EMT team that brought Jackson to the Ronald Reagan UCLA Medical Center attempted to resuscitate him for more than an hour, according to a statement issued by the hospital. Typically, however, there is only a four- to six-minute window of opportunity to revive a patient in cardiac arrest; the chances of survival drop 7% to 10% with each minute that passes without CPR or defibrillation...

Author: /time Magazine | Title: Did Drugs Kill Michael Jackson? | 6/27/2009 | See Source »

South Carolina Governor Mark Sanford's June 24 statement that his yearlong affair with an Argentine woman began "innocently" has drawn both sympathy and scorn. Can you really have good intentions and still wind up in bed with someone other than your spouse? Mira Kirshenbaum, a couples' counselor and the author of When Good People Have Affairs, says the answer is yes. She talked to TIME about why people cheat and how a broken marriage can be repaired. (See the top 10 political sex scandals...

Author: /time Magazine | Title: Why Good People Cheat | 6/26/2009 | See Source »

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