Madoff enters federal prison
July 15th, 2009 - 12:13 am ICT by IANS
Washington, July 14 (DPA) Incarcerated financier Bernard Madoff Tuesday was being transferred for a second time to a federal prison where he will serve time for his $65-billion fraud, prison officials confirmed.
Madoff was transferred to the medium-security United States Penitentiary in Atlanta, Georgia, from the Metropolitan Correctional Center in New York City, where he had been held during his trial Monday, said Felicia Ponce, spokesperson for the Federal Bureau of Prisons.
Tuesday morning he was being moved from Atlanta to another undisclosed prison.
Ponce told DPA that the Bureau would not reveal where Madoff was being transferred until after he arrived there. Media reports, citing unnamed sources, have said Madoff is going to a federal prison in Butner, North Carolina, to serve out his sentence.
Ponce could not say why Madoff was leaving Atlanta as the reasons for prisoner transfers are not public information.
Madoff was sentenced in June to 150 years in prison by Judge Denny Chin, who handed out the highest penalty possible and argued it was in keeping with the “unprecedented” fraud he committed.
Madoff was arrested in December and pleaded guilty in March to running a pyramid “Ponzi” scheme, under which his firm paid huge returns to old investors by collecting money from new ones. The scheme had been going since at least the 1990s.
- Multi-billion dollar fraudster Madoff's request for soft-touch prison rejected - Jul 15, 2009
- Ponzi king Madoff paid nine billion dollars to pals before his arrest - Jun 22, 2010
- Madoff returns to prison cell after hospital treatment - Dec 31, 2009
- Ponzi king Madoff attacked by fellow inmate in jail - Mar 19, 2010
- Ponzie King Madoff's possessions auctioned in New York - Nov 14, 2010
- Ponzi King Madoff's son found dead in New York apartment - Dec 12, 2010
- Bernie Madoff Might Be Barred From Attending Son's Funeral - Dec 13, 2010
- Bernie Madoff Will Have Private Service for Son - Dec 15, 2010
- Ponzi king Madoff will not appeal against 150-year prison sentence - Jul 10, 2009
- Madoff Claims To Have Secret $9 Billion Stash - Jun 21, 2010
- Ruth Madoff must report any spending over $100 - Aug 05, 2009
- Bernard Madoff's son, Mark, found dead on second anniversary of father's arrest - Dec 11, 2010
- Incarcerated Madoff will not attend son's funeral, says lawyer - Dec 14, 2010
- Ponzi king Madoff shifted to prison medical facility - Dec 24, 2009
- Bernie Madoff Has No Remorse, Says Victims 'Deserved It' - Jun 08, 2010
Tags: atlanta georgia, bernard madoff, bureau of prisons, butner north carolina, federal bureau of prisons, federal prison, felicia, financier, judge denny chin, july 14, leaving atlanta, medium security, metropolitan correctional center, ponce, ponzi scheme, prison officials, spokesperson, tuesday morning, united states penitentiary, unnamed sources