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7-11-2009 7:28 PM
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merrie says:
According to the London Times, the 150-year sentence Madoff received makes him ineligible for any of the Club Fed prisons. The U.S. Bureau of Prisons uses a "Security Point Total," which represents a prisoner's risk, to determine the level of security the prisoner requires. Depending on his number, Madoff could be assigned to facilities ranging from a minimum-security prison camp (as in Martha's Stewart's stretch at Camp Cupcake) to a "Supermax" facility.
So far, Madoff has spent his time in a maximum-security environment at the Metropolitan Correctional Center in New York. Hoelter said, "He has been incarcerated under very difficult conditions in these past months. Anywhere he goes is likely to be better than where he is now, unless they throw him into the Supermax . . . He will be able to get exercise. He will be able to do something that makes him productive. He may be able to tutor other inmates."

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7-11-2009 7:30 PM
merrie
At sentencing, the judge recommended that Madoff be sent to a low- or medium-security prison in the Northeast. However, this decision is left solely up to the Bureau of Prisons. Madoff will have Hoelter’s recommendations to put forth if he’s given a chance to make his case .
Boesky served his time at the Lompoc Federal Prison, aka Club Fed West. Mike Milken served 22 months at a minimum-security prison in Pleasanton, California. Taubman spent his nine and a half months at the Federal Medical Center in Rochester, Minnesota, getting medical care on the government dime. Taubman’s book, Threshold Resistance, contains some prison advice Madoff may find useful, such as making friends, keeping a pl...
7-11-2009 9:16 PM
clip-on-tie
You know I kind of think he would be more useful paying restitution to his victims than rotting in a jail at the taxpayers expense. He's not violent, and obviously, he's gonna be shunned or frowned upon wherever he goes. I'm just not seeing justice with this 100 + jail sentence. We're talking about a dude who is already ruined. He is a pauper. He will never again do business. From the innovative genius whose information technology in the 1960s became the basis of NASDAQ, he rose to the heights and fell to the depths where he will stay this way until death. He won't be able to be seen in public for the rest of his life without encountering scorn and derision from everyone around him.

Maybe t...
7-12-2009 2:29 AM
merrie
I think that's a wonderful idea, with certain caveats.

While I certainly feel sympathy for anyone serving a life without parole sentence, Mr. Madoff has devastated so many trusting people and left them destitute, I would feel it a betrayal of his victims. But on the other hand, it would be fitting for him to attempt to make whatever restitution he could possibly make.

He could and should write an autobiography, that would be better than rotting in jail, and perhaps if he were to do that, it could inure to his benefit. He might
appeal his sentence in a few years, after he's made
restitution and he could possibly be paroled under "house arrest". I'm reticent to give him a pass on this, as i...
7-12-2009 2:38 AM
merrie
I think Mr. Madoff probably began taking a thousand or so here and there, planning to repay the funds. He didn't intend for the scheme to become such a massive fraud.

Over the years, he must have wanted to replace the funds he had "borrowed" from investors, but it all slipped out of his control and he was trapped in his terrible crime.


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