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Madoff Sentencing Delayed

Confessed swindler Bernard Madoff will have to wait a bit longer to find out how long his prison sentence will be.

He could get up to 150 years for stealing tens of billions of dollars from investment clients through an elaborate scheme of lies.

The judge has put off Madoff's sentencing until June 29.

Some of Madoff's many victims are expected to speak to the court before the judge pronounces the sentence.

Madoff's $65 billion fraud is the largest in U.S. history and it went undetected by U.S. financial regulators for perhaps 20 years.

Thursday, the Securities and Exchange Commission voted to tighten regulations by subjecting investment advisers who hold clients' money to surprise inspections by independent auditors once a year.

Some information for this report was provided by AFP, AP and Reuters.