Madoff sentenced to 150 years

[acesfull]

If you really wanted to punish Bernie, you should make him listen to old Billy Mays commercials, non-stop, for at least 12 hours a day. Of course, I realize that, in the United States, this would be considered to be torture.

 

[H2FC]

He will be in the closest thing the federal system has to offer as a country club.

John Carney
Jul. 13, 2009, 4:18 PM

Bernie Madoff won’t be serving his life sentence in a hellhole.

The North Carolina prison where the convicted Ponzi schemer has been sent to serve his life sentence is considered "the crown jewel" of the federal prison system. It’s a place where many convicts hope to be sent. It may not be "club Fed" but it is the closest thing that exists in the federal prison system to a country club prison.

The Butner Federal Correctional Complex is about 45 minutes northeast of Durham. From the outside you could mistake it for a college campus, except perhaps for the barb-wire.

It’s often sought after by convicts because its staff and facilities have a good reputation. There are no hardcore maximum security type criminals there. It’s all minimum, low and medium security.
Former Enron CEO Jeff Skilling requested he be allowed to serve his sentence there.

Butner is also known for having excellent medical facilities, especially its cancer-treament programs. There have been rumors that Madoff has been diagnosed with cancer.

Butner houses about 3,600 inmates. Notables include former U.S. Rep. Randy "Duke" Cunningham, former Adelphi CEO John Rigas, and former Navy intelligence analyst Jonathan Pollard. In the past the Butner prison has housed would be presidential assassin John Hinckley Jr. and televangelist Jim Bakker.

It’s not totally safe for prisoners, however. Madoff may well find himself in fights with other inmates. As the saying goes, in minimum security prisons you get punched, and in medium security prisons you get knifed.

It’s not clear whether Madoff will be in low or medium security. The length of Madoff's sentence would typically preclude him from being housed in the minimum-security prison.
Sources: http://www.businessinsider.com/madoffs-butner-prison-is-the-crown-jewel-of-federal-prison-system-2009-7

 

[Gerry]

Many federal prisons are better equipped than others.

However, here in North Carolina this prison is often used for mentally ill patients because of its medical facilities.

 

[copper]

Sounds like long vacation rather than prison time.

 

[PRED]

finally a use for guantanamo

send him and cheney and all the other crooks of biblical proportion there

he must be laughing
plus his family get to keep all that loot? millions/ living a life of opulence?

i thought it was only the uk's legal system that was this ridiculous

 

[Area52]

What's ironic is your current U.S. president, robotic members of congress and even appointed officials are doing the same thing to you at this very moment. Where is the outrage over that?

Also, Goldman didn't make all of that money in the last quarter without someone getting screwed.

 

[H2FC]

Bernie Madoff 'Hit the Inmate Lottery' with Butner Prison, Consultant Says, http://abcnews.go.com/Blotter/Madoff/story?id=8080354&page=1

I wonder how long it will take before he begins to get the weekly (or daily) "field trips" to the outside.

 

[Gerry]

Fact is, he will no longer be ripping people off.

IF you ask me, this is where the CEO and others of AIG, CountryWide Mortgage, Lehman Bros, and the rest belong.

Let the AIG people have their outings and team building gatherings on the grounds of a federal prison.

 

[Designempire]

I truly agree with you. I think the death sentence would of been more appropriate. How many lives did he destroy?

Hmm, your last 12 years of life for decades of screwing people and destroying their lives while living the very high life.

Not much of a punishment if you ask me.

 

[tas38]

He is a con man simply as that, he should of never got 150 years because people are so dumb. Lets not forget these was rich people he was conned, the same ones that think they are so much better then normal people.

And think the world owes them lots, and that they are above everyone else. Had he done that to poor people, he would of never got time most likely. These banks been ripping people off a long time, forcing deals for incs BK's knowing they would wipe out stock holders shares.

They done this over and over again and again, all with the courts ok incs CEO's made out better filing BK. Big leaving checks for pulling it off, incs changes name and start over with all new stock they sell. There is no good reason, why stock holders can't get some of the new incs stock.

But yet they do it over and over again and again, and each time the courts have no problem with them doing this. Take a look at the old Telecom market, banks pretty much took it all with new shares to them. This is now a bank scam on other banks, when a big bank has most of another banks notes.

And calls that bank and tells them, they call calling all their notes on them. They have no choice but to cut deals, even the tax payers got nailed this time. Now 2 of the banks that made the most, are making record profit over the other banks. Others banks grow like mad as well, this is all a scam the middle class and poor lose at.