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Disgraced financier Bernard Madoff leaves Federal Court - New York, NY - Mar 10

Posted: Thursday, 09 July 2009 11:59AM

Bernard Madoff Won't Appeal 150-Year Prison Sentence



NEW YORK (AP)  -- Disgraced financier Bernard Madoff has decided against appealing his 150-year sentence for a multi-billion dollar fraud.

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Madoff's lawyer, Ira Sorkin, said Thursday that there will be no appeal of the sentence. He declined to say why the decision was made.

Madoff was sentenced last week. He pleaded guilty to charges that he bilked thousands of investors out of billions of dollars.

Copyright 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Audio Content and Graphic Content Copyright 2009 WCBS-AM 880.
 
 
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