Quimbee logo with url
From our private database of 14,900+ case briefs...

United States v. Madoff

United States District Court for the Southern District of New York
1:09-cr-00213 (2009)


Facts

The United States (plaintiff) charged Bernard Madoff (defendant) with a number of financial crimes stemming from his orchestration of a decades-long multibillion-dollar pyramid scheme, which resulted in estimated losses of $13 billion to $65 billion. Madoff’s crimes affected individuals, charities, pension funds, and other institutional clients. A jury convicted Madoff. Prior to sentencing, individuals and entities defrauded by the scheme submitted letters and emails to the sentencing judge detailing the fraud’s effect on their lives and businesses. In the submissions, Madoff’s victims described how they based important life decisions involving retirement, medical care, and college tuition on Madoff’s fraudulent account statements. During sentencing proceedings, Madoff highlighted what he believed to be mitigating factors and argued for a lesser sentence because he had turned himself in, confessed to his crimes, and consented to the entry of a $170 billion forfeiture order.

Rule of Law

Issue

Holding and Reasoning (Chin, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 284,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 14,900 briefs, keyed to 201 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.