Madoff Beat up in Prison

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.

Madoff Beat up in Prison

Postby bmielke » Thu Mar 18, 2010 3:30 pm

ABA Journal citing a WSJ Article

A Wall Street Journal (sub. req.) story on the incident relies on accounts by a former inmate, a current inmate and “a third person familiar with Mr. Madoff's situation.”

Bureau of Prisons spokeswoman Traci Billingsley told the newspaper there was an investigation, but Madoff denied he was assaulted and no inmates told of a beating, the Wall Street Journal says. Madoff is being held at a medium security facility in Butner, N.C. Inmates often deny assaults out of fears they will be labeled a snitch, the story says.

The two inmates said the assailant, a beefy man serving time for a drug conviction, believed Madoff owed him money.

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Re: Madoff Beat up in Prison

Postby Unidyne » Fri Mar 19, 2010 3:18 am

My guess is that someone attacked him for "cred" to boost his standing in prison, like the guy who set Charles Manson on fire in the prison wood shop back in 1984.
Irony: The Ayn Rand® Institute (ARI) is a 501(c)(3) nonprofit organization.


Re: Madoff Beat up in Prison

Postby iLOVEcrane » Fri Mar 19, 2010 1:44 pm

I doubt this will be the last time either

There are probably hundreds of people aiming to get him beaten up in jail

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