So Bernie Madoff was sentenced yesterday to 150 years in prison, but he's already been locked up for a few months, where, according to the Daily Show's John Oliver, he's been running another Ponzi scheme!

The deal that Ruth Madoff signed with prosecutors last week will force her to give up her penthouse apartment on East 64th Street (as well as her other homes in Palm Beach and Montauk). So where will she move next? Finding a building willing to rent an apartment to her is proving challenging, according to the Post, since accepting Ruthie means also accepting the fact that photographers may be camped outside the building and Madoff victims may occasionally hurl rocks from across the street. What to do? Well, she hasn't moved out of the place yet, so if you have some brilliant ideas for her, you could always update the text on this card and send her your suggestions. Maybe you have a spare bedroom and you're desperate for some attention? Do reach out if you can help. [NYP, Curbed]

Lost in the glee over Bernie Madoff's prison sentence is this: What will become of poor Ruth Madoff? She's stalked by paparazzi; rejected by landlords; and left with a mere $2.5 million. Here, Dear Ruth, is your road to redemption.

The victims of Bernie Madoff reacted in different ways to the news he'd been sentenced to 150 years in prison. Burt Ross, the former mayor of Ft. Lee, New Jersey who lost $5 million to the Ponzi scheme (and who covered today's sentencing for The Daily Beast), celebrated by planting a kiss on his wife in front of the hundreds of reporters gathered. Other people assembled outside the courthouse with giant placards or strange looking figurines. A few photos of the zany scene outside the courthouse after the jump.

Bernie Madoff has just been sentenced to 150 years in prison for running the biggest Ponzi scheme in history. It was the maximum sentence the judge could have given him.

For the first time since her husband was arrested in December, Ruth Madoff is speaking out. (Bernie, as you've undoubtedly heard, was sentenced to 150 years in prison earlier today; Ruth, for her part, entered into an agreement with the U.S. attorney's office on Friday evening that forces her to give up claim to $80 million in assets, but will allow her to keep $2.5 million in cash.) Naturally, Ruth portrays herself as just another victim of Bernie in today's prepared statement and says there were two Bernies: the one she was married to and the other Bernie who responsible for "this horrible fraud." Does her line about life with Bernie being "over" indicate that she now plans to divorce him and/or not bring him care packages in prison? Hard to say, but you can read her full remarks below.

Bernie Madoff appeared in a federal courtroom this morning to find out his fate for carrying out the biggest fraud in financial history. Judge Denny Chin sentenced Madoff to the maximum—150 years behind bars—telling the courtroom that he didn't believe Madoff's claim that he had cooperated with prosecutors, or that he had divulged all he knew about the scheme. Madoff's victims erupted in cheers after the sentence was handed down, Bernie barely reacted to the news, and now Madoff is off to change out of the "immaculate" suit he wore to court today and put on the prison jumpsuit he'll be wearing for the rest of his life. [CNN]

Bernie Madoff is about to experience what it's like to have his life's worth taken out from under him. A judge entered a preliminary order today to yank everything he's got, and then some. He's absolutely finished.

Subway-riding Ruth Madoff will not be attending her husband's sentencing on Monday, reports ABC News. (Nor will his two sons be there, although that was to be expected given they maintain they haven't had any contact with him since his arrest.) Whether Bernie himself will express remorse is anyone's guess, although the cop who was assigned to guard him during his arrest—and who appears on 20/20 tonight—isn't expecting him a stream of tears and apologies. "He did not seem like the most contrite person I've ever met." [ABC News]

Bernie Madoff will be sentenced for his crimes on Monday and he faces a maximum of 150 years in prison. (His lawyer's request of 12 years? Highly unlikely.) What will Bernie need to know when he gets sent off to a federal correctional facility, especially since other inmates may blame him for the economic meltdown as a whole? He'll need to "maintain high visibility," says Larry Levine, an ex-con and consultant to white-collar criminals, who recommends Madoff stay in areas where lots of other people gather. "Do not become confrontational with anybody. Respect people; be polite. Don't borrow anything from anyone. Don't become beholden to anyone," he adds. We'll add one more tip: Buy tons of stuff from the commissary and hand it out to your new friends. It's a proven strategy. That's what Jeffrey Epstein did and he got through his bit just fine. [CNNMoney]

Fairfield Greenwich, the hedge fund that directed billions to Bernie Madoff, was handed over to another fund last month called Sciens Capital. Sciens didn't pay anything for it (not that anyone would pay anything for Walter Noel's heaping pile of crap). And now it seems the change in ownership is ensuring that some of Noel's cronies continue to receive paychecks. A tipster with a copy of a Sciens Powerpoint presentation tells Dealbreaker that the fund "seems to be basically a bunch of FGG guys," the transfer was a "smoke and mirrors show for the investors, and "nothing has changed." In that case, champagne by the pool in Mustique in 15 minutes! Be there! [Dealbreaker]

• There's a shortage of banking industry CEOs—decent ones, at least—which explains why Vikram Pandit is still in charge at Citigroup and Ken Lewis is still running the show at Bank of America. "The best players won't risk their careers going to a troubled enterprise," explains one recruiting expert. [WSJ]
• Andrew Cuomo has been investigating pension fund corruption for the past few months. Now his own ties to just such an entity are raising questions. [BN]
• Wanna invest in a hedge fund? You're in luck. A number of them are looking to diversify their investor bases and are now targeting the middle class. [NYP]
• Stocks rose this morning ahead of a report by the Fed this afternoon. [CNN]
• Good news for JPMorgan Chase: It's "the world's strongest bank." [DB]
• Good news for Barclays: Its name will grace a Brooklyn subway station. [NYT]
• Jeffry Picower was once considered one of Bernie Madoff's victims. Not so much any longer, now that it appears he withdrew as much as $5 billion from his various Madoff accounts between 1995 and 2008. [ProPublica]

Ira Sorkin, Bernie Madoff's lawyer, has asked a federal judge to sentence the admitted fraudster to as little as 12 years in prison and no more than 20: "Sorkin said that a 12-year sentence would be appropriate because Madoff's life expectancy is now 13 years. As an alternative, he said that a 15-to-20 year term would 'effectively achieve' the goals of sentencing 'without disproportionately punishing Mr. Madoff.'" And we wouldn't want to do that, clearly. [Bloomberg]

A couple of weeks ago, we pointed out that Robert Jaffe, the car-collecting clotheshorse who raised hundreds of millions for Bernie Madoff, had returned to a life of leisure and was back hitting balls at the Palm Beach Country Club. He probably isn't golfing this afternoon—and that's not because there are reports of scattered thunderstorms in Palm Beach today. The SEC just filed civil fraud charges against Jaffe and two other executives affiliated with Cohmad Securities for marketing Madoff investments while "knowingly or recklessly disregarding facts indicating that Madoff was operating a fraud." The SEC also filed charges against Stanley Chais, who helped raise as much as $1 billion for Madoff from the Hollywood crowd, but has since left LA to move to NYC. [NYT/Dealbook, WSJ]

Bernie Madoff has been sued by a long list of former investors. Now his sons will get to share in the excitement. Two former employees of Bernard L. Madoff Securities have filed suit against Andy and Mark Madoff and claim the two brothers were well aware of the $65 billion Ponzi scheme and made efforts to "cloak the massive fraud of the Madoff investment advisory business." Richard Stahl and Reed Abend are now demanding $2 million in deferred compensation from the Madoff boys. And while it's unlikely the sons could come up with that kind of cash even if they wanted to, Abend, at least, could always resort to extra-legal justice if he's forced to. He's the same ex-employee who allegedly shoved and punched Andy Madoff when he ran into him on the street back in May. [NYDN]

Daily Intel has some exciting news this afternoon about Marisa Noel Brown. (You remember Marisa, don't you? She's the daughter of Walter Noel, the hedge fund manager who lost about $7 billion of his investors' money to Bernie Madoff.) It seems Marisa started a jewelry line last fall—a couple of months before the Noel name was disgraced forever—and Marisa happily reports that for the next week, her line will be featured in window of Henri Bendel on Fifth Avenue. Yay! She also says her company now has a website; do note that she seems to have dropped the "Noel" and is going by "Marisa Brown" these days. Do also give serious consideration to purchasing one of her $50-85 creations. "There's always the chance that Irving Picard will sue them and redistribute their profits to the old people and charities that lost all their money to Bernie Madoff." [NYM/Daily Intel]

Ruth Madoff is the "most vilified spouse of a financial rogue in history," have you heard? The Times checked in on the "loneliest woman in New York" over the weekend and it seems little has changed for the wife of fraudster Bernie Madoff. She spends most of her time "confined" to her East 64th Street apartment, she no longer works out at the nearby Equinox, and she generally only steps foot outside to buy food or pay a visit her lawyer. And while several nearby businesses have instituted Madoff bans over the past few months—such as the Pierre Michel salon on East 57th Street where Ruth turned up faithfully every six weeks for "Soft Baby Blonde" highlights—at least one says it would be willing to allow her back inside: The general manager of the restaurant Sette Mezzo says he'd welcome her back if she comes up with the $160 she and her husband owe for a meal back in December. So that's good news, isn't it? [NYT]

Have you ever had a moment where you wonder exactly how bad you should feel for Ruth Madoff and the specific things you should feel bad about for her? Don't worry: the New York Times did it for you.

Hey, kiddo. Stop your crying. We know you were worried that Kevin Bacon and Kyra Sedgwick lost everything to Bernie Madoff, because it sounded really bad. But now Kyra's spoken publicly about it, and they're gonna be just fine.

Kyra Sedgwick and her husband Kevin Bacon lost some money to Bernie Madoff's Ponzi scheme, as you probably heard, but they weren't completely wiped out. "The fact of the matter is that we did not lose everything," Sedgwick says in an interview with the AP. "I think the interesting thing about it was that I always thought, 'We're so boring. We should be in the tabloids more. C'mon honey, let's have a scandal.' ... And I think when you say 'no comment,' that's, of course, where they're going to go, because it's fun, and it grabs headlines and people will be more interested." Not sure "fun" is the right word, but it certainly was a sexier angle to the story than focusing on another elderly Jewish couple in Boca. [AP]