While I don't agree with what he did, he deserved to be let free.
Now, hear me out here...
The guy'd been defrauding his clients for decades. None of them wanted to know how he was making all these "investments" as long as they (being the clients) got a return on their investments. Not one of them brought up the question. Why would they, if they were getting all these great returns, right? Wrong.
And of course, let's not talk about why the SEC never did a serious investigation on him throughout these years. SEC Failed, his clients failed.
If anything else, his clients should be told of that old adage, "If it sounds too good to be true, it probably is". And them homie-don't-play that smacked upside the head.