Madoff running financial scams from federal prison | Intrepid Report.com

February 25, 2018 by · Leave a Comment 

Bernie Madoff, who is serving a 150-year sentence after being convicted of running a $64.8 billion fraud scheme in New York in 2009, has been permitted by Trump administration officials to quietly resume running investment schemes from the medium-security Federal Correctional Institute in Butner, North Carolina. According to a high-level enforcement official of the U.S. Securities and Exchange Commission who contacted WMR, Madoff, who is 79, has been permitted to maintain contact with the outside world to direct investments from assets he continues to control from the prison, which has been nicknamed “B’nai Butner” due to its heavy concentration of Jewish white collar criminals and the only kosher-certified chef and kitchen in the federal Bureau of Prisons system.

Source: Madoff running financial scams from federal prison | Intrepid Report.com

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