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"Madoff won't appeal 150-year sentence, attorney says"

By Douglas A. Berman

The title of this post is the headline of this new story from CNN.  Here are a few more details: "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 that were "extraordinarily evil," U.S. District Judge Denny Chin on June 29 sentenced Madoff to the maximum 150-year term for the 11 criminal counts to which Madoff pleaded guilty, including securities fraud, investment adviser fraud, mail fraud, wire fraud and money laundering. The official estimate of investor losses suffered from Madoff's scheme stands at more than $13 billion, but that amount ultimately may be more...continue to full post

Full post as published by Sentencing Law and Policy on July 09, 2009 (boomark / email).