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| Version 0 | Version 1 |
|---|---|
| Madoff accepts 150-year sentence | Madoff accepts 150-year sentence |
| (30 minutes later) | |
| Imprisoned fraudster Bernard Madoff has decided not to appeal against his 150-year sentence, his lawyer has said. | Imprisoned fraudster Bernard Madoff has decided not to appeal against his 150-year sentence, his lawyer has said. |
| "We are not going to be appealing," Madoff's lawyer Ira Lee Sorkin said. "That's our decision and we have no further comment." | |
| The 71-year-old was sentenced on 29 June, having pleaded guilty in March to 11 counts relating to running a multi-billion dollar investment fraud. | The 71-year-old was sentenced on 29 June, having pleaded guilty in March to 11 counts relating to running a multi-billion dollar investment fraud. |
| Madoff defrauded thousands of investors using a Ponzi scheme. | Madoff defrauded thousands of investors using a Ponzi scheme. |
| In addition to his prison sentence, he was also ordered to forfeit $171bn (£105bn) in assets, while his wife Ruth had to forfeit more than $80m in net worth she claimed was hers. |