Fraudster Madoff Won't Appeal Sentence

Bernard Madoff is a fascinating, bizarre person. If you're interested, here's also my recent Business Casual column on whether Madoff is a sociopath.

Madoff won't appeal 150-year sentence

NEW YORK (AP) -- Disgraced financier Bernard Madoff will not appeal his 150-year sentence for a fraud that unraveled last December when Madoff confessed to his sons that nearly $65 billion he promised investors was safe was actually only worth a few hundred million dollars.

"We won't be appealing the sentence," Madoff's lawyer, Ira Sorkin, said Thursday. He declined to say why the decision was made. Rebekah Carmichael, a prosecutor's spokeswoman, declined to comment.

The 71-year-old Madoff was sentenced last week for a fraud that spanned at least two decades. He pleaded guilty in March to charges that he bilked thousands of investors out of billions of dollars.

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