10 Jul 2009

Fraudster Madoff won't appeal 150-year sentence

3:17 pm on 10 July 2009

Wall Street fraudster Bernard Madoff has decided not to appeal against his 150- year prison sentence.

His lawyer has given no explanation.

Madoff , 71, was sentenced in New York on 29 June after pleading guilty in March to 11 charges relating to running an investment fraud amounting to as much as $US65 billion.