Madoff gets 150 years for massive investment fraud

NEW YORK (Reuters) - Bernard Madoff was sentenced on Monday to 150 years in prison -- the maximum penalty the judge could give him for "extraordinarily evil" crimes in Wall Streets biggest and most brazen investment fraud.

Fleeced investors in the courtroom cheered and applauded as the judge handed down the penalty.

Madoff, 71, stood passively with his hands clasped at his waist, showing no reaction when he heard the sentence that will send him to prison for the rest of his life.

The former nonexecutive chairman of the Nasdaq stock market has been jailed in a Manhattan cell since he pleaded guilty to 11 charges including securities fraud, money laundering and perjury in March.