NEW YORK, NY June 29, 2009 —The sentence was handed down to convicted investor who defrauded thousands of clients to the tune of almost $65 billion. Federal judge Denny Chin handed down the maximum sentence to Madoff in a downtown courtroom. Madoff victims who attended the proceedings errupted in applause and cheers when they heard. WNYC's Arun Venugopal was at the courthouse, watching the often-emotional proceedings from an overflow room.