Madoff will not appeal against 150-year sentence - papers

The 71-year-old's lawyers declined to comment on why he had decided not to chall-enge a ruling that means he will spend the rest of his life in jail. Mr Madoff had pleaded guilty in March to charges that his investment advisory business was a multi-billion dollar fraud that wiped out the fortunes of thousands of investors. Separately, the trustee in charge of liquidating the Madoff estate filed a report saying he had already traced more than $1bn in assets. Full story...