Defrauded investors and their supporters holds signs during a rally near the United States Courthouse in lower Manhattan, June 29, 2009, after the sentencing hearing for convicted swindler Bernard Madoff. Disgraced financier Madoff was sentenced to 150 years in prison on Monday for perpetrating the biggest and most brazen investment fraud in Wall Street history. Reuters Pictures 7 months ago

Defrauded investors and their supporters holds signs during a rally near the United States Courthouse in lower Manhattan, June 29, 2009, after the sentencing hearing for convicted swindler Bernard Madoff. Disgraced financier Madoff was sentenced to 150 years in prison on Monday for perpetrating the biggest and most brazen investment fraud in Wall Street history.

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  1. Bernard Madoff walks back to his apartment in New York December 17, 2008. Disgraced financier Madoff, accused of orchestrating a $50 billion fraud, was placed under house arrest on Wednesday as BNP Paribas became the latest European bank to be sideswiped by the scandal. REUTERS/Shannon Stapleton.
  2. NEW YORK - NOVEMBER 13: A Bernard Madoff New York Mets baseball jacket is displayed during a press preview of a U.S. Marhals Service auction of personal property seized from Bernard and Ruth Madoff November 13, 2009 in New York City. The property includes jewelry, furs, artwork and other items forfeited in connection with the criminal prosecution of Bernard Madoff's Ponzi scheme.
  3. NEW YORK - NOVEMBER 13: A Bernard Madoff New York Mets baseball jacket is displayed during a press preview of a U.S. Marshals Service auction of personal property seized from Bernard and Ruth Madoff November 13, 2009 in New York City. The property includes jewelry, furs, artwork and other items forfeited in connection with the criminal prosecution of Bernard Madoff's Ponzi scheme.
  4. NEW YORK - NOVEMBER 13: A Bernard Madoff New York Mets baseball jacket is displayed during a press preview of a U.S. Marhals Service auction of personal property seized from Bernard and Ruth Madoff November 13, 2009 in New York City. The property includes jewelry, furs, artwork and other items forfeited in connection with the criminal prosecution of Bernard Madoff's Ponzi scheme.
  5. The apartment building that is the home of accused swindler Bernard Madoff is pictured on New York City's upper east side, in this January 12, 2009 file photo. A buyer has signed a contract to buy Madoff's penthouse apartment, U.S. Officials confirmed on February 5, 2010. The three-bedroom, four-bath duplex was most recently listed for sale at $8.9 million, down from its original asking price of $9.9 million. Picture taken January 12, 2009.
  6. The dining room of imprisoned fraudster Bernard Madoff's penthouse apartment is pictured during a U.S. Marshals' media tour in New York, in this September 8, 2009 file photo. A buyer has signed a contract to buy the apartment on Manhattan's Upper East Side, U.S. Officials confirmed on February 5, 2010. The three-bedroom, four-bath duplex with a wraparound terrace was most recently listed for sale at $8.9 million, down from its original asking price of $9.9 million. Picture taken September 8, 2009.
  7. The living room of imprisoned fraudster Bernard Madoff's penthouse apartment is pictured during a U.S. Marshals' media tour in New York, in this September 8, 2009 file photo. A buyer has signed a contract to buy the apartment on Manhattan's Upper East Side, U.S. Officials confirmed on February 5, 2010. The three-bedroom, four-bath duplex with a wraparound terrace was most recently listed for sale at $8.9 million, down from its original asking price of $9.9 million. Picture taken September 8, 2009.
  8. Irving Picard. the bankruptcy trustee in the Bernard Madoff case, speaks to the press outside the U.S. Bankruptcy Court in New York February 2, 2010. The Picard and victims of convicted schemer Bernard Madoff will wait to find out what compensation they'll be able to recieve from his estate during hearings in Manhattan's Bankruptcy court.
  9. Irving Picard. the bankruptcy trustee in the Bernard Madoff case, exits the U.S. Bankruptcy Court in New York February 2, 2010. The Picard and victims of convicted schemer Bernard Madoff will wait to find out what compensation they'll be able to receive from his estate during hearings in Manhattan's Bankruptcy court.
  10. David A. Sheehan, an attorney for court-appointed trustee in the Bernard Madoff case Irving Picard, speaks to the press outside the U.S. Bankruptcy Court in New York February 2, 2010. The Picard and victims of convicted schemer Bernard Madoff will wait to find out what compensation they receive from his estate during hearings in Manhattan's Bankruptcy court.
  11. Irving Picard, the bankruptcy trustee in the Bernard Madoff case, exits the U.S. Bankruptcy Court in New York February 2, 2010. The Picard and victims of convicted schemer Bernard Madoff will wait to find out what compensation they receive from his estate during hearings in Manhattan's Bankruptcy court.
  12. Irving Picard, the bankruptcy trustee in the Bernard Madoff case, speaks to the press outside the U.S. Bankruptcy Court in New York February 2, 2010. The Picard and victims of convicted schemer Bernard Madoff will wait to find out what compensation they receive from his estate during hearings in Manhattan's Bankruptcy court.
  13. Irving Picard, the bankruptcy trustee in the Bernard Madoff case, exits the U.S. Bankruptcy Court in New York February 2, 2010. Picard and victims of convicted schemer Bernard Madoff will wait to find out what compensation they receive from his estate during hearings in Manhattan's Bankruptcy court.
  14. People wait to enter U.S. Bankruptcy Court in New York February 2, 2010. The trustee and victims of convicted schemer Bernard Madoff will know the amount of compensation they receive from his estate during hearings in Manhattan's Bankruptcy court.
  15. People wait to enter U.S. Bankruptcy Court in New York February 2, 2010. The trustee and victims of convicted schemer Bernard Madoff will know the amount of compensation they receive from his estate during hearings in Manhattan's Bankruptcy court.
  16. A booking mug shot of Bernard Madoff is seen in this undated handout released to Reuters on March 17, 2009. The hedge fund industry has taken a beating over Madoff's $65 billion Ponzi scheme one year ago, followed by the widening Galleon Group insider-trading case. The upshot is that an industry never comfortable with scrutiny and second-guessing has come under the microscope, with regulators and investors clamoring for change. To match Special Report HEDGEFUNDS.

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