Bernard Madoff has hired a veteran prison consultant to help him to find the best possible jail in which to serve his 150-year sentence for Wall Street’s biggest fraud. “He was incredibly disappointed. He knew he was going to spend the rest of his life in prison. I don’t think that was ever an issue,” Mr Hoelter told The Times. “But it’s patently unfair to ca... read full post picked by Bingo 5 months ago

Bernie Madoff confessed to duping thousands of people out of their life saving, including his own family, friends, charities and some big-named celebs. Explore below to see who was swindled. Just hold your mouse over the victim's head to see how they got duped. picked by Bornbad 9 months ago

Ponzi schemer Bernie Madoff is being held in a super-max wing of the Manhattan federal lockup - a unit so tough it drives hardened criminals mad.

*I almost feel sorry for him...NOT!* picked by tigertony 9 months ago

In essence, a Ponzi Scheme is when you pay "investment returns" to your investors by giving them the principal amounts invested by new investors. Basically paying people returns on investments when you aren't investing or getting returns.
Read the actual FBI report here. picked by sykeo56 12 months ago

It now appears that the biggest winner in Madoff's scheme may not have been Madoff at all, but a secretive businessman named Jeffry Picower. picked by jLoSsDh 5 months ago

Bernard Madoff was sentenced Monday to 150 years in prison for his multibillion-dollar fraud scheme, the maximum the law allowed. picked by shep182 5 months ago

Bernie Mac's slightly risque joke does not go over well at an Obama event. That isn't shocking. What is shocking to me is the ancient age of the joke he was telling and the amount of times it gets posted to 1000's of forums every few months. Bernie. Cough up a few bucks for some writers. picked by BernardBlack 1 year ago

Prison-made tattoos are a form of communication for inmates who live in a situation that bans most other means of self-expression. These messages, which are easily “read” by other inmates, tell a lot about the wearer, including gang membership, status in prison, family relationships, special life events, spiritual beliefs and personal values. picked by BrownTrout 10 months ago

Prison plans, blueprints, security codes and data stolen from French prison before even opening the place for inmates.
Link to original article.
It is not less hilarious just because it did not happen in Florida. picked by ThirdEye 9 months ago

They're saying it was suicide. That Bernie Madoff f**ked a whole lot of people picked by sykeo56 11 months ago

The man who made $7 billion in the Bernie Madoff Ponzi scheme, Jeffry Picower, was found dead in his Palm Beach, Fla., swimming pool Sunday. picked by equinox 1 month ago

This five star prison even includes a gym, indoor court and even your own cell comes with its own television. Prison of dreams for the criminals.

Un-fugging-believable picked by Doggylives 8 months ago

Judge ruled today that Bernard Madoff, the man who allegedly committed the largest financial crime in history, will not go to jail while he awaits trial. Instead he will remain under house arrest, in the comfort of his posh penthouse apartment in Manhattan, despite prosecutors' somewhat belated efforts to put him behind bars. picked by equinox 11 months ago

A former prison secretary has been sentenced to six months in federal prison for having sex with an inmate she was supposed to be supervising, a spokesman for the U.S. Attorney's office in the District of Colorado said Friday. picked by Bornbad 10 months ago

They also closed their own Madoff accounts at that time and withdrew hundreds of thousands of dollars each, prosecutors said. The two men, who started to work for Mr. Madoff in the early 1990s, left in December 2008, according to the S.E.C. complaint. picked by drogue 3 weeks ago

Ponzi schemer Bernard Madoff is "dying of cancer"—at least according to some sources—and that's why he took the blame for the $65 billion fraud that landed him a 150 year prison sentence. He's also hanging out with Native American inmates, the homosexual cliques and is being recruited by gangs. Have fun Bernie!

UPDATE: Conflicting news picked by suebe 3 months ago

And, of course, many don't. Rosie Rojas, a waitress at the Sunrise Restaurant just east of the prison, said customers had been talking about the proposal since it became public Saturday. While the potential to create more than 3,000 jobs has some local residents excited about the possible impact on the local economy, others worry about the safety of the community if Thomson becomes a home for ter... read full post picked by cecilberman 2 weeks ago

As of October 1st, anyone caught doing 30mph over the speed limit in Florida faces vehicle confiscation, five to ten years in prison and a ten-year license suspension. Bill HB 137, which was signed into law earlier today, was originally targeted at motorcyclists, but was amended at the last minute to include all vehicles. picked by mutil8or 2 years ago

A Roman Catholic priest who had sex with two inmates while working as a chaplain at a women's prison was sentenced Monday to two years in federal prison.

Couldn't help but read the priest's name as Inmate picked by barwench 2 years ago

Instead of acting prudently and following his fiduciary duty, Ronald I. Lappin placed his employees' 401(k) funds along with some of the assets of a personal tax shelter/charity with Madoff. This resulted in the loss of the retirement savings of his 60 employees. He paid $5M to the 401(k) fund and to his charity. Philanthropist or did he just avoid a lawsuit which would have cost him everything? picked by 2manyusernames 5 months ago