Notorious Ponzi schemer Bernie Madoff has filed a petition with the Justice Department asking that President Donald Trump reduce his 150-year prison sentence — a bid that Madoff’s prosecutor promptly called “the very definition of chutzpah.”

Madoff, 81, is currently serving his century-plus sentence in a federal prison in Butner, North Carolina, for orchestrating the largest Ponzi scheme in history.

His decadeslong scam conducted while heading Bernard L. Madoff Investment Securities in New York City swindled thousands of investors out of billions of dollars.

Madoff, who pleaded guilty to 11 crimes in 2009, is not asking for a pardon from the president.

Instead, he is requesting clemency from Trump in the form of a sentence commutation, or reduction, according to information on the Justice Department’s website.

A search of that site shows that Madoff’s clemency request is “pending.”

The Justice Department would not reveal when Madoff’s request was submitted, but noted that such an application takes between one and three months to appear on the clemency section of the website.

It is not known if Trump will consider the request, or when he might do so.

Madoff’s former lawyer, Ira Lee Sorkin, told CNBC he had no information about the request.

The White House referred questions about Madoff’s bid for clemency to the Justice Department.

Marc Litt, who was the lead federal prosecutor in the criminal case against Madoff, to CNBC on Wednesday,  “Bernard Madoff received a fair and just sentence – one that both appropriately punished him for decades of criminal conduct that caused devastating damage to tens of thousands of victims, and sent a loud and clear message to deter would-be fraudsters.”

“Madoff’s current request is the very definition of chutzpah,” said Litt, who currently is a partner at the law firm Wachtel Missry in New York, where his office overlooks the “Lipstick Building” that formerly housed Madoff’s company.

“I’m confident that the career [Justice Department] attorneys responsible for evaluating such requests will reject it out of hand.”

DOJ statistics show that the department received 1,003 petitions for pardons and another 5,657 for sentence commutations that could have been considered by Trump since he was in the White House.

Trump has granted 10 pardons and just four commutations. Read more at CNBC