OK, I have no way of tying this story into a great case for screening your employees. If Bernie Madoff had even a prayer of getting out of prison in the next 20 years you would have to wait behind the lynch mob in order to hire him. As far as I am concerned this guy gets the scumbag of the century award.
So why am I writing about him? We can all sleep better at night knowing that he has officially arrived at his final resting place, the Federal Prison in Butner, NC. This prison will be his home for the next 150 years! As you will see in the story below he will be joined by good company; including but not limited to Omar Abdel-Rahman, known terrorist behind the 1993 World Trade Center bombing and other corporate cheats.
Madoff Arrives at Prison in Butner, NC
Convicted swindler Bernie Madoff has arrived at a federal prison in Butner, NC, where he is sentenced to spend the next 150 years, CNBC has learned.
According to the Federal Bureau of Prisons Web site, the Butner facility houses a total of about 3,400 inmates.
Madoff will be joining several other well-known inmates at Butner.
They include Omar Abdel-Rahman, the terrorist known as the “Blind Sheik” who masterminded the 1993 World Trade Center bombing and former Adelphia Commmunications Chief Executive Officer John Rigas.
Also incarcerated there: former U.S. Naval Intelligence Analyst and convicted spy for Israel Jonathan Pollard; former Colombo crime family boss Carmine Persico; and Russell Weston, the perpetrator of a 1998 U.S. Capitol shooting that left two U.S. Capitol Police officers dead.
Madoff, 71, was sentenced on June 29 to an effective life sentence for masterminding the largest ponzi scheme in history. The disgraced financier had been jailed in a cell close to the Manhattan federal court where he pleaded guilty in March to criminal charges, including securities fraud, money laundering and perjury.
His sentence was the stiffest handed down for big-time white collar crime, compared with corporate scandals of recent years involving executives of WorldCom, Enron and Adelphia, Refco and the Bayou hedge fund.
