Palm Beach hails 150-year sentence for Madoff

Jun 29th, 2009 - Reuters

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PALM BEACH, Florida (Reuters) - From bars haunted by private wealth managers to luxury shops damaged by the fallout of the scandal, residents of the rich Florida seaside town where money manager Bernard Madoff found many of his victims applauded his stiff sentence on Monday.

"I think he defrauded a lot of people in this town, and I think his intentions were evil," said Joanne McClellan, owner of Trousseau, a vintage linens shop on Royal Poinciana Way, when asked about the 150-year prison term.

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