Madoff won't appeal 150 year sentence.

July 9, 4:35 PMHouston Law and Politics ExaminerDustin Sachs

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AP Photo/Louis Lanzano, File

In a move that is not likely to end the story, lawyers for Bernard Madoff have announced that they and thier client will not appeal the 150 year sentence handed down last week against the man responsible for the largest ponzi sceme in history.

“We won’t be appealing the sentence,” Madoff’s lawyer, Ira Sorkin, said Thursday. He declined to say why the decision was made. Rebekah Carmichael, a prosecutor’s spokeswoman, declined to comment.

The 71-year-old Madoff was sentenced last week after admitting he defrauded thousands of investors out of billions of dollars.

More than 15,400 claims against Madoff were filed by a July 2 deadline, a trustee handling his assets said. He noted there were multiple claims from several accounts.

Anthony Sabino, a defense lawyer specializing in white collar criminal defense, said the decision against appealing the sentence was no surprise.

Sabino said that Madoff is showing he “is now going to keep his mouth shut, take his punishment, and he’s willing to die in prison. To some extent, he acknowledges that this is the price he has to pay in order to protect others. Who are the others? We don’t know.