Bernard Madoff continues to do business in prison
At 78, the former con man managed to get his hands on the hot chocolate market in his North Carolina prison, where he is serving a 150-year sentence.
One a con man, always a con man. Bernard Madoff belongs to this category. He is the best of his kind. A master of the muddle, able to sell anything to anyone. From his cell in the federal prison in Butner (North Carolina),in three quarters of an hour northeast of Durham, the man dubbed “Uncle Bernie”, because of his good-naturedness is able to establish instant trust and continues to do business. The man is getting rich on the back of his contemporaries, whether they are actors, rich annuitants or simple fellow inmates.
No introduction to Bernard Madoff, whom was sentenced in 2009 to 150 years in prison for organizing the largest Ponzi scheme of all time. He had managed to rip off nearly 20,000 investors to whom he promised huge returns. Payments of the later arrivals were to reward those who had preceded them in this race to greed. A beautiful chain of solidarity which eventually broke when the financial crisis of 2008 took away everything. Balance sheet of the scam: more than 64 billion dollars gone up in smoke.
Today, Bernard Madoff, 78, is behind bars and not really repented. It appears that,for him, it is Business as usual. “Bernie was a successful businessman, with an original vision of the market, and he continues to use his instincts in prison, says Steve Fishman, a journalist who has followed him for years...”