Bernard Madoff has decided not to appeal the 150-year prison sentence he received for operating the biggest investment fraud in history. "We are not going to appeal," Madoff attorney Ira Lee Sorkin told CNN on Thursday. Sorkin said he met with Madoff this week at the Metropolitan Correctional Center in Lower Manhattan. "Even if the Court of Appeals sends it back, certainly a guidelines sentence under the circumstances would give him a life sentence," he added. Citing crimes ...

Bernie Madoff's lawyer, Ira Sorkin, told a federal Judge Denny Chin on Tuesday that Madoff expects to plead guilty to charges that will put him in prison for up to 150 years. The U.S. attorney's office has filed 11 counts against Madoff for his part in the decades-long Ponzi scheme, now estimated in court documents to amount to $64.8 billion, considered the largest in history. In fact, the new dollar amount cited in a Justice Department communication to Sorkin ...