Bernie Madoff will not appeal against 150 year prison sentence!
By ANIFriday, July 10, 2009
NEW YORK - A lawyer representing incarcerated Ponzi king Bernie Madoff has said that his client will not appeal against the 150-year prison term handed down by Manhattan Federal Judge Denny Chin.
Bernie Madoff, 71, is presently lodged in the Manhattan’s Metropolitan Correctional Center, and is awaiting a transfer to a prison outside the city, reports the New York Daily News.
At his sentencing last week, the silver-haired swindler apologized and said he would accept punishment for a 65 billion dollar fraud that robbed investors of life savings and forced retirees back to work.
“I have left a legacy of shame. That’s something I will live with for the rest of my life,” he was quoted, as saying.
Bernie Madoff’s wife, Ruth, was forced out of the couple’s 7.5 million dollar E. 64th St. flat while federal marshals inventory their luxury belongings. The contents will be sold off to pay back a fraction of the losses incurred by thousands of investors.
Defense lawyer Ira Sorkin has asked that Bernie Madoff serve his term at a medium-security prison in Otisville, 70 miles from the city. (ANI)
Editors Note: Why isn’t Bernie Madoff appealing? Is he afraid of getting stiffer sentence than 150 years in prison? I find it hard to believe that he is truly repentant. What do you think?
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July 11, 2009: 2:31 pm
To those asking what happened to the auditor at Stanford, he was found dead, perhaps Stanford et al. including their lawyers Proskauer and Thomas Sjoblom should be investigated for murder as well. |
Eliot Bernstein