Victims Fight Back as Madoff Sits Behind Bars - CNBC, 2010 August 24. by Jamie Corsi
Madoff's Life Behind Bars
He is now one of 5,200 inmates at Butner Federal Correctional Institution III, 45 miles northwest of Raleigh, North Carolina. According to former Butner inmate, Shawn Evans, Madoff spends time at the prison law library.
Evans says there were other surprises for inmates. "You might hear an announcement, 'Report to the rec yard, 7:30 for popcorn' or something like that. You know, 'Bingo at 8:00'," says Evans. Treats like popcorn and bingo have given the prison the nickname, "Camp Fluffy".
Butner was originally built as an incentive for convicts in other facilities: the better behaved they are, the more likely they are to be transferred to Butner. It is also the first LEED certified, green federal prison in the country.
New York Magazine reporter, Steve Fishman, who recently wrote a cover story on Madoff, tells CNBC that "Butner looks like a college campus. It's got lawns and trimmed hedges. If you've been to other penitentiaries, state penitentiaries, federal penitentiaries, maximum security, you know that Butner is a great place to end up." .....
Reporter's Notebook: Bernard Madoff's Life Behind Bars - CNBC, 2010 August 25, by Scott Cohn
After all, these inmates are convicted criminals. There is even talk that some are demanding payments for themselves or their families for Madoff-related tips. Here is what we do know about Madoff's life in prison, based on interviews with confidential sources and a general knowledge of how the federal prison system works: Life in prison is no country club, even in a low- or medium-security facility of the type where Madoff is housed. Every moment there is dictated by the prison authorities, so an inmate's life is not his own. ..... While maddening to his victims and to authorities, the fact that his cooperation has been limited to some help locating assets — he hasn't ratted anyone out — can't hurt him behind bars. One thing that inmates hate is a snitch. And Madoff clearly is not one. In the unwritten inmates' code, that gains him a higher place in the prison pecking order. ..... ..... Some news outlets have turned to his fellow inmates—and former inmates — to try and learn about Madoff's life in Butner. But as I told the producers of "American Greed: Madoff Behind Bars," those inmates' accounts should be taken with a hunk of salt.
Madoff is stingy about giving L/E help locating assets he secreted on 2-3 continents......this is maddening to the victims he cheated and to authorities.
L/E should check this out: The Lipstick Building where he did business is owned by the Israeli govt. An ideal scheme would be to charge phony rent, and fees for remodeling, upkeep, housekeeping, etc——tax-free monies that are then laundered and secretly deposited in an Israeli bank.
The govt takes a cut-—the rest is for Madoff.
Israel is the only place in the world where an individual can debark, go to a bank with a suitcase full of cash, and nobody asks where it came from, or if taxes were paid on it.
Israel wants the law changed (not nice to be known as a money laundering haven). But Orthodox political parties balked.