The disgraced financier Bernard Madoff will not be appealing the 150 year sentence that was handed down to him last week.

“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 was sentenced last week for his Ponzi-Scheme that spanned over two decades. The scheme came to an end last December when he confessed to his sons that the $65 Billion dollars in investments that he had promised investors was really only worth a few hundred million.

“Despite the efforts to liquidate his estate, it was expected that investors will receive only a small portion of the more than $13 billion they originally invested.”

Be careful with your investments people. Make sure you don’t wind up in the hands of fraudsters like this guy.

Check out the original story here: Bernard Madoff Won’t Appeal 150 Year Sentence

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