Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What investment swindler was sent to the butner federal correctional complex?”

0
Posted

What investment swindler was sent to the butner federal correctional complex?”

0

The investment swindler will serve his 150-year term at a federal prison in North Carolina. Today was moving day for jailed con man Bernard Madoff. The investment swindler, who was sentenced to 150 years for defrauding investors, was headed to the Federal Correctional Complex in Butner, N.C.

0

Disgraced financier Bernard Madoff has been moved out of a New York lockup on his way to a North Carolina facility to begin serving his 150-year sentence, a law enforcement official said Monday. Mr. Madoff is headed to the Butner federal prison, according to the official, who spoke on condition of anonymity because the official was not authorized to discuss prisoner transfers. A spokeswoman for the Bureau of Prisons, Traci Billingsley, would only say late Monday afternoon that Madoff was not at a Bureau of Prisons facility. The bureau does not discuss transfers until prisoners reach their destination. Mr. Madoff’s attorney Ira Sorkin declined comment Monday, saying, “We have not been advised yet.” Mr. Madoff, 71, was sentenced last month after pleading guilty in March to charges that his investment advisory business was a multibillion-dollar scheme that wiped out thousands of investors and ruined charities. Authorities said Mr. Madoff had carried out the fraud for at least two decades

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123