Madoff Won’t Appeal 150-Year Sentence, Says Defense Attorney

Disgraced financier Bernard Madoff will not appeal his 150-year sentence for a fraud that unraveled when Madoff confessed to his sons that nearly $65 billion that he promised investors was safe was actually worth only a few hundred million dollars. According to a court-appointed trustee's report released Thursday, the search for Madoff assets that could compensate fraud victims "has unearthed a labyrinth of interrelated international funds, institutions and entities of almost unparalleled complexity and breadth."