What Was the Sentence Bernie Madoff Received for Operating a Ponzi

question 107

Multiple Choice

What was the sentence Bernie Madoff received for operating a Ponzi scheme in the United States?

• A)25 years in prison
• B)50 years in prison
• C)75 years in prison
• D)150 years in prison

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Definitions:

Amortize

To amortize means to gradually reduce or write off the initial cost of an asset over a period, typically through regular payments covering interest and principal.

Non-Controlling Interest

A share of equity ownership in a subsidiary not attributable to the parent company, representing the portion of the subsidiary's net assets and net income not owned by the parent.

Subsidiary

A company that is controlled by another company, known as the parent company, through ownership of more than 50% of its voting stock.

Interest Revenue

Income earned on investments or money lent, represented by the amount charged to borrowers for the use of the lender's funds.