Bernie Madoff

Jail

What Is Madoff Doing to Pass Time in Jail?

Since the $50 billion Ponzi schemer Bernie Madoff has been sentenced to 150 years of jail time, he certainly has a lot of time on his hands.

Since the $50 billion Ponzi schemer Bernie Madoff has been sentenced to 150 years of jail time, he certainly has a lot of time on his hands. In a recent interview with the Financial Times, Madoff shared with them what his life is like now. Antidepressants help to keep him going, and he manages the prison store, which he calls the “money management department." More surprisingly, Madoff admitted to reading romance novels. The FT says:

“I spend most of my time in my room, reading,” he adds. “And — this is my secret — Danielle Steel.” We all laugh. “Yes, Danielle Steel.”

For the first time during the two hours Madoff looks truly embarrassed, even ashamed. Perhaps escape into fantasy – even of the trashy, romantic variety – is simply the most logical outcome for a man in his position.

Also on his to-do list: business schools have asked him to teach a course on ethics, and among his top picks are Harvard and Northwestern. What do you think of Madoff's life after crime — does it sound like the punishment is too harsh or does he deserve worse?

auction

Guess Which Belongings Were Once Bernie Madoff's?

Next month, the US Marshals will be auctioning off 400 items once belonging to infamous pyramid scheme king Bernie Madoff, who is serving a 150-year sentence for scamming hundreds of investors.

Next month, the US Marshals will be auctioning off 400 items once belonging to infamous pyramid scheme king Bernie Madoff, who is serving a 150-year sentence for scamming hundreds of investors. The items will be auctioned off Nov. 12 (interested? Register to participate by next Friday), but last week the government released a preview of some items that will be featured. Think you know Bernie's expensive tastes? Take this quiz to find out!

yummy links

Yummy Links: From Bobby Flay to Chicken McConfit

Bobby Flay may be the world's worst horse race caller.

News

Front Page: Bernie Madoff Sentenced to 150 Years in Prison

A federal judge has given Bernie Madoff the maximum prison sentence of 150 years for his Ponzi scheme, following his apology and victims' requests for a life sentence.

  • A federal judge has given Bernie Madoff the maximum prison sentence of 150 years for his Ponzi scheme, following his apology and victims' requests for a life sentence. — CNN
  • Grim information from Michael Jackson's autopsy report has leaked. — The Sun
  • However, TMZ is reporting that the leaked report may actually be a fake. — TMZ
  • Transformers swept the box office this weekend, bringing in $201.2 million domestically. — BuzzSugar
  • Iranian authorities have recounted 10 percent of the votes in the disputed presidential election, but the opposition movement has refused to participate in the "ploy." — LA Times
  • Today, the Supreme Court has ruled in favor of white firefighters who claimed reverse discrimination, overturning a lower court decision that nominee Sonia Sotomayor endorsed as an appeals court judge. — New York Times
News

What's Prison Like? 8 Tips For White Collar Criminals

The New York Post reports Bernie Madoff's niece Shana, a compliance officer at his infamous firm, "signed a lot of documents" during her tenure.

The New York Post reports Bernie Madoff's niece Shana, a compliance officer at his infamous firm, "signed a lot of documents" during her tenure. The possible convicté has been asking around the streets of Manhattan's downtown as to what, exactly, is prison like.

Good question! She's summoned Larry Levine, founder of Wall Street Prison Consultants and former inmate #587,1635, to take his fedtime 101 crash course for the one-time price of $999 (call now!). Learn more at his website that asks "Going from the exchange floor to the prison yard?" Maybe, Larry, it may be.

Since not every white collar criminal can afford (some aren't very good) top-notch services, I thought I'd round up the Internet's best tips on what to expect when you're serving time. Ready? You will be.

  1. Order magazines subscriptions: There's no Internet in jail, if WikiHow can be believed. If you self-surrender, you'll have time to order them beforehand.
  2. Go to the dentist! While dental care is offered in prison, you do not want it.
  3. Lose the nostalgia: Focus on your prison life, not on the outside world. Get involved!
  4. Talk the talk: Levine is the process of penning a prison-slang dictionary. He recommends Shana learn words like "kiester," a verb meaning "to smuggle something like cigarettes or batteries using your back end."

To see the rest, read more