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| Madoff Moved to Prison in Atlanta, Headed to N.C. |
| By foxnews.com |
| Published: 07/14/2009 |
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Madoff Moved to Prison in Atlanta, Headed to N.C. Tuesday, July 14, 2009 WASHINGTON — Disgraced financier Bernard Madoff was being held in a federal prison in Atlanta Tuesday after his transfer from a New York lockup, according to a Bureau of Prisons Web site. It's not clear how long he'll be there. The site was updated early Tuesday to list Madoff's location as the United States Penitentiary in Atlanta, but gave no further details. Bureau spokeswoman Traci Billingsley wouldn't comment on the change. The Atlanta lockup isn't Madoff's final destination, according to a law enforcement official who spoke to the Associated Press on Monday. The official, who spoke on condition of anonymity because the person wasn't authorized to discuss prisoner transfers, said Madoff was headed to a federal prison in Butner, N.C., to begin serving his 150-year sentence. Madoff, 71, was sentenced last month after pleading guilty in March to charges that his investment advisory business was a multibillion-dollar scheme that wiped out thousands of investors and ruined charities. Authorities said Madoff had carried out the fraud for at least two decades before confessing to his sons in December that his investment business was a fraud and that he had lost as much as $50 billion. The Butner Federal Correctional Complex, located about 45 miles northwest of Raleigh, includes two medium-security facilities, a low-security facility and a hospital, according to the Bureau of Prisons Web site. Among the well-known criminals being held at Butner are: Read More. |
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