Madoff CNBC’s Special Reveals His Fluffy Prison and the Gibraltar Give Up?
CNBC has put together a new version of its American Greed Series, this time focus on the Madoff scandal. The episode is titled “Madoff Behind Bars” and focuses on Madoff’s time (150 years to be exact) at the Butner Federal Corrections Complex in North Carolina, USA.
The Huffington Post is reporting that in jail Madoff applied to run the budget of the Butner Prison’s landscaping crew, he didn’t get the job. “Yeah right I’d hire him as a clerk,” remarked the inmate in charge of the crew. “All our money’d be missing!”
Nicknamed “Camp Fluffy“, Madoff’s prison even features a soundproof music room — and periodic “special treats” like popcorn and cotton candy.
Madoff apparently spends his time reading law books, John Grisham, and Dean Koontz–when he’s not working his job in the prison cafeteria. Here is a clip of the show:
I wonder who else might be joining him in prison shortly…..
In other Madoff news, it is being reported that Judge Burton Lifland (the US judge overseeing the liquidation of Madoff’s assets) has asked a court in Gibraltar to transfer seized funds to pay victims, according to a court documents.
Specifically the judge issued a a judgement ordering Vizcaya to pay 180 million dollars to government-appointed trustee Irving Picard overseeing the liquidation of Bernard L. Madoff Investment Securities (BLMIS). Vizcaya had allegedly deposited180 million dollars in off-shore accounts in the months before the Madoff scam was revealed. The judge, in perhaps an interesting letter rogatory example and display of the principles of comity , asked the Gibraltar court to release $73.08 million dollars it had seized from local Vizcaya accounts last year.
“I ask for your support to ensure the successful enforcement of the default judgement by transferring the funds… within your court’s jurisdiction to this court or to Irving H. Picard,” Burton wrote. “I believe that it would be in the best interest of the BLMIS estate to turn the Gibraltar funds over.”
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