Back to Mobile View

Bernie Madoff going home to . . . Butner, North Carolina?

Posted 5:00PM 07/13/09 People
155 Comments Print Text Size A A A
Convicted Ponzi schemer Bernie Madoff nears the end of his fifteen minutes today as he moves to his final home. After a visit to Atlanta, Georgia, Bernie will reportedly be moving in to his luxurious new accommodations in the the Federal Correctional Complex, located in Butner, North Carolina.

Madoff originally requested that he be sent to the medium-security Federal prison in Otisville, New York, which would have been far more convenient for visits from wife and family. Located near the Pennsylvania/New Jersey border, Otisville is neither as prominent nor as exclusive as prisons like Leavenworth, Lompoc, or Alcatraz, but still retains a discreet charm all its own. It once housed famed cocaine dealer (and Blow inspiration) George Jung, as well as Zvonko Busic, the (relatively) famous Croatian hijacker. For all intents and purposes, however, Madoff would have been the most famous inmate in Otisville.
In Butner, however, Madoff would have to deal with some serious competition. The prison, located in North Carolina's "Research Triangle" area of Raleigh, Durham, and Chapel Hill, contains some of the twentieth century's most notorious white-collar criminals. For the next few years, Madoff will be able to trade New York stories with John Rigas, former CEO of Adelphia, and Carmine Persico, who was boss of the Colombo crime family. Granted, he might not have much to say to fellow inmate Omar Abdel-Rahman, a.k.a. "The Blind Sheik," who masterminded the 1993 World Trade Center bombing; it will be interesting to see how he hits it off with fellow traitor Jonathan Pollard, a US intelligence analyst who was convicted of spying in 1987.

On the bright side, real estate in rural North Carolina is much cheaper than New York. If Ruth Madoff is looking for a place where nobody knows her name, she could do a lot worse.

Of course, if his fellow inmates start to bore him or Ruth never shows up, Madoff will always have the option of reading his mail. Madoffmail.com, a new service, will ensure that he will receive fresh notes, drawings, poems and doodles on every six-month anniversary of his prison term. The company accepts electronic submissions in almost any form, and promises to display some pieces on its website.

Between the stimulating company, the bucolic setting, and the friendly missives headed his way, it seems likely that the next 150 years will fly by!
http://xml.channel.aol.com/xmlpublisher/fetch.v2.xml?option=expand_relative_urls&dataUrlNodes=uiConfig,feedConfig,entry&id=528769&pid=528768&uts=1247520997
http://cdn.channel.aol.com/cs_feed_v1_6/csfeedwrapper.swf
Famous White-Collar Crimes
Bernard Madoff, who was sentenced to 150 years behind bars for a massive Ponzi scheme, joins a cast of other high-profile white-collar criminals. Click through the gallery for some of the most memorable offenders.
Stephen Chernin, Getty Images
Stephen Chernin, Getty Images
Bruce Watson

Bruce Watson

Features Writer

 Bruce Watson is a features writer for DailyFinance, focusing on the political and cultural effects of economic events. A contributor to Military Lessons of the Persian Gulf War, A Chronology of the Cold War at Sea, the Journal of American Philosophy, A Cafe in Space, and the forthcoming Peanut Butter, Gooseberries, and Latkes!  He has also worked as a research assistant in the British House of Commons and at the United States Naval Institute.

SUBSCRIBE TO:
RSS

Add a Comment

*0 / 3000 Character Maximum
Newswire

Compare Mortgage Rates

Mortgage Rates by Zillow
Follow Us

Headlines From DailyFinance Partners

CNN Money
CNBC
Smart Money
Consumer Reports
Huffington Post
AOL Energy
AOL Jobs
Business News Personal Finance Investing Our Partners

DailyFinance Sitemap | Terms of Service | Privacy Policy | Trademarks | HELP | Advertise With Us

© Copyright 2012 AOL Inc. All Rights Reserved