Bernard Madoff arrived at a North Carolina federal penitentiary Tuesday to begin serving his 150-year prison term for running a massive Ponzi scheme that victimized investors around the world, prison officials said.
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Madoff arrives at federal prison in North Carolina (USA Today)
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Bernard L. Madoff, sentenced last month to 150 years in prison for orchestrating a massive Ponzi scheme, was moved from his Manhattan jail cell to a penitentiary in North Carolina, a Federal Bureau of Prisons spokeswoman said Tuesday.
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Madoff Enters North Carolina Prison (New York Times)
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Bernard Madoff’s life of luxury is a thing of the past. The disgraced financier blamed for what is believed to be the largest Ponzi scheme in history arrived Tuesday at a federal prison in North Carolina to begin a 150-year sentence in a cell with two bunk beds, a toilet and a sink.
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Madoff starts 150-year sentence at NC prison (AP via Yahoo! News)
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July 14 (Bloomberg) — A lawyer for imprisoned Adelphia Communications Corp. founder John Rigas and his son Timothy asked a court to dismiss their tax indictments on the ground that prosecutors want to try them twice for the same crime.
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Adelphia’s Rigases Seek Dismissal of U.S. Tax Case (Update1) (Bloomberg)
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