A year ago today, Bernard Madoff confessed to running a "giant Ponzi scheme." "Giant" to the scale of claiming that his investors—from the wealthy to charities, from banks to retired couples— were owed $60 billion that didn't exist. He went from his Park Avenue duplex—and homes in Montauk and Palm Beach—to federal prison in North Carolina. more ›

The Post reports that Bernard Madoff has left the Metropolitan Correctional Center, his home for the past few months, and it's believed he's headed upstate to begin his 150-year sentence at the federal correctional facility in Otisville, NY: "The [Bureau of Prisons] tends to place inmates in facilities that are within a reasonable distance of their family members, to promote visits. Otisville, which is near Middletown, NY, in Orange County, is only about 77 miles away from" NYC. Update: CNBC says Madoff is at a facility in Butner, North Carolina—does this mean Ruth Madoff is headed South too? more ›