Finally, it takes a prisoner to claim what everyone suspected—that Bernard Madoff has billions stashed away somewhere unbeknownst to the feds (so far). The Post reports, "Ponzi king Bernard Madoff is telling fellow jailbirds that he secretly funneled $9 billion in swiped funds to three people before he was nabbed, an inmate told [the paper]. Madoff says that his partner in crime Frank DiPascali knows who the recipients are -- and that he suspects DiPascali is using that information to cut a better deal with the feds, according to the inmate at the medium-security prison in Butner, NC." more ›

Bernard Madoff, the world's biggest Ponzi schemer, whose $60+ billion fraud landed him a 150 year sentence, is keeping it really classy in federal prison. At least, that's according to New York magazine which reports that he told inmates at Butner Correctional, "Fuck my victims. I carried them for twenty years, and now I’m doing 150 years." Well, Madoff is half right—he carried the first batch of his investors with the money from the second! more ›

The Post goes inside North Carolina's Butner Federal Correction Complex to get a sense of how infamous inmate Bernard Madoff is doing. Unsurprisingly, one source says, "Some of the guys were talking about smacking him around a little, just to get the notoriety of it." However, the source said Madoff has his admirers: "He got a lot of respect from other inmates because he didn't tell on anybody, he didn't take everybody down with him." Other tidbits: Madoff said that his wife was mad at him because the paparazzi won't leave her alone, he's working in the desk and door nameplate engraving shop, he's wearing t-shirts and sweats, and he's horrified about the state of his hair (Madoff allegedly said, "When I finally looked in the mirror, I scared myself, because I haven't seen myself in four months, and my hair was everywhere"). The source said, "He blends in. He's a regular dude. He's a really good guy, he's nice." more ›

Bernard Madoff took a prison bus from the U.S. Penitentiary in Atlanta, Georgia to the Butner Federal Correctional Complex in North Carolina. It's about 45 miles from Raleigh and has a number of different facilities, including a medical center and minimum security area, but Madoff will be in the medium-security lockup. more ›