George S. May Business Blog

Bernard Madoff arrives at Butner Prison

Bernard Madoff arrived at his new home in Butner, North Carolina: The Butner Federal Correctional Complex. It is here where Madoff will begin serving his 150 year sentence for fraud and money laundering.

Prior to the transfer to Butner Prison, Madoff, was in a high-security jail in Manhattan. He has been there since his March 12 guilty plea. Madoff left that facility this morning and arrived at Butner shortly after 11:15 a.m., bureau spokesman Greg Norton said.

Madoff will be assigned to a “dormitory-style” housing unit and is expected to be given a job. It is possible that Madoff will be transferred at some point, but for now, according to Norton, Butner Prison is “where he is designated to be”.

Butner Prison

Located in NE Durham, NC, the Butner Federal Correctional Complex houses 4,784 inmates. Among the many inmates, there are a several high profile inmates, most notably Adelphia Communications’ founder John Rigas, former Rite Aid Corp. chief counsel Franklin Brown, and Israeli spy Jonathan Pollard.

Madoff, who’s being placed in the medium-security section of Butner and has been assigned prisoner number 61727-054.

The criminal case is U.S. v. Madoff, 09-cr-00213, U.S. District Court, Southern District of New York (Manhattan).

Related posts:

1. Peter Madoff under fire from Manhattan U.S. Attorney’s office Another member of the Madoff family has found themself on the hot seat. The New York Post reports that Peter Madoff, brother of the infamous Ponzi Schemer, Bernard,...


2. Godfather of Spam sentenced to over four years in prison Alan Ralsky, a man dubbed by the feds as the “Godfather of Spam” has been sentenced to 51 years in prison. His convictions included violation...


3. Bank of America to hand over legal documents from the Merrill purchase — Andrew Cuomo victorious yet again Well, it is official; Andrew Cuomo gets what he wants. NY Attorney General, Andrew Cuomo has been pressing B of A to to turn over...


4. Buffett Questioned by FCIC Billionaire investor Warren Buffett will be questioned today by the Financial Crisis Inquiry Commission along with the CEO of the credit rating agency Moody’s Corp....