Saturday, 27 December 2014
Last updated 3 days ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.