Madoff declines chance of appeal

Imprisoned fraudster Bernard Madoff is not going to appeal his sentence. The 71 year old conman is set to serve 150 years behind bars for orchestrating a worldwide investment fraud, with documented client losses for thousands of clients thought to be up to $65bn (£39.7bn). The disgraced financier’s defence attorney, Ira Sorkin, did not give a reason for Madoff’s decision.