Master fraudster Bernard Madoff was sentenced to 150 years in jail from a New York judge today.
Madoff will be 221 years old when he gets out in 2159.
Assuming that Madoff managed to hide $10 million or so from federal agents in Swiss or offshore accounts: At a modest interest rate of 4%, compounded annually, he can expect to have over three billion dollars — $3,589,226,741, to be exact — waiting for him when he gets out.
At standard New York prison wages of between two and 20 cents per hour, Madoff can sock away an extra $40 to $400 per year, or up to $60,000, during his sentence.
That’s assuming he works the typical 40 hours per week.
From the Who2 blog:
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