Friday, 22 August 2014
Last updated 3 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note