Madoff won't appeal fraud sentence
Updated on 10 July 2009
Disgraced financier Bernard Madoff will not appeal against his 150-year jail sentence for fraud.
The fraud emerged last December when former Nasdaq chief Madoff confessed to his sons that nearly £40.6 billion he promised investors was safe was actually only worth a few hundred million.
"We won't be appealing the sentence," Madoff's lawyer, Ira Sorkin, said. He would not say why the decision was made.
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