[New York, June 29. Image via Getty]

NEW YORK - JUNE 29: Bernard Madoff fraud victims holds a news conference and protest following the sentencing hearing for Madofff, who was convicted for running a multibillion-dollar ponzi scheme, at Federal District Court in Manhattan on June 29, 2009 in New York City. Madoff received a sentence of 150 years in prison for fraud that totaled an estimated $65 billion. Eleven victims spoke to the court of how they lost their life savings to Madoff. (Photo by Spencer Platt/Getty Images) lawyer has asked for a 12 year sentence while federal prosecutors are requesting a sentence of 150 years, the maximum under federal guidelines. (Photo by Spencer Platt/Getty Images)