Ira Sorkin

Bernard Madoff has decided that he will not appeal the 150-year prison sentence he received for orchestrating a massive Ponzi scheme, according to his lawyer Ira Lee Sorkin. The decision was reached Monday when Sorkin and Madoff met, and although the Ponzi operator may have a "strong legal...

UPDATE: Now that Bernard Madoff pleaded guilty to 11 charges, prosecutors' efforts turn to identifying those who helped him perpetuate the fraud. Investigators say Madoff told 4,800 investors in November that their accounts were worth $64.8 billion, even though he knew their holdings were a "small...

Last week we heard that Ruth Madoff wants to keep her $70 million dollars in assets; now we learn she's planning to hire her own attorney. Usually a couple seeks separate representation when their interests in a case diverge. One defense attorney told Newsday that it's a sign that Bernie Madoff was...