Report: Madoff Was Attacked, Injured In Prison In Dec.

Mar 18 2010 | 7:47am ET

Despite a raft of denials from all parties, it seems that Bernard Madoff’s December hospital stay really was due to a prison beating.

The $65 billion Ponzi scheme mastermind spent 11 days in the medical unit of the North Carolina prison he calls home at the end of last year. At the time, both his attorney and prison officials denied that the hospitalization was the result of an altercation with another inmate.

But The Wall Street Journal reports that it was, in fact, a fight that sent Madoff to the infirmary. The fraudster reportedly suffered a broken nose, fractured ribs and cuts to his head and face.

The Journal cited three sources familiar with the situation, including an inmate still at the Butner, N.C., prison, and another who was recently released. The Bureau of Prisons continues to deny that an assault took place, and said that Madoff denied being beaten.

The attacker was an inmate serving time for drug violations, the newspaper reports. One of its sources said the source of the dispute was—surprise, surprise!—money the attacker thought he was owed by Madoff.

Madoff is serving a 150-year sentence.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note