Bernie Madoff wants Trump to commute his prison sentence


Bernard Madoff as soon as had billions of dollars, however within the last years of his life, he made $40 a month doing menial jail labor.

“I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the computer systems,” mentioned Madoff, talking by telephone from a federal jail in North Carolina. His jail telephone account did not have any cash in it, so he needed to name NCS Business accumulate.

As far because the computer systems and telephones go, Madoff mentioned he has to “make sure they’re working and they’re kept clean,” however he emphasizes that this requires no technical ability in any way.

It’s a far cry from his former life. Once head of his personal finance agency, Madoff is now recognized as inmate #61727-054 at Butner Federal Correctional Complex. He’s serving a 150-year sentence after pleading responsible, in 2009, to siphoning $17.5 billion from hundreds of traders, wiping them out in a long-running, pyramid-style deception.

He mentioned he solely works “a few hours” a day, which leaves him loads of time to ponder his undoing.

“I’m usually up at 4:30 in the morning because I can t sleep,” mentioned Madoff, 75, who’s scheduled to be launched in 2139.

Certainly his environment in a medium-security jail are loads much less snug. When his large Ponzi scheme unraveled in 2008, Madoff had to surrender his $7 million Manhattan penthouse, a seashore home in Montauk, N.Y, his properties in Florida, and France, in addition to a yacht named “The Bull.”

Madoff took nice pains to insulate his household from his monetary wrongdoings, however it did not work.

He’s particularly haunted by the 2010 suicide of his oldest son, Mark, who hanged himself on the second anniversary of his father’s arrest.

“I was responsible for my son Mark’s death and that’s very, very difficult,” he mentioned. “I live with that. I live with the remorse, the pain I caused everybody, certainly my family, and the victims.”

Bernie Madoff wants Trump to commute his prison sentenceBernie Madoff wants Trump to commute his prison sentence
His youthful brother Peter, 67, is serving a 10-year sentence at a medium-security federal jail in South Carolina, after pleading responsible to protecting up the monetary wrong-doing.

“Obviously, the main concern that I have is being away from my family,” he mentioned. “Married for 50 years, I had a very close family.”

Madoff mentioned that his deception started after the Black Monday crash of 1987, a large inventory market sell-off from which he by no means really recovered. He mentioned that is when he turned his traders into victims, however he insists that his crime was by no means purported to go on for thus lengthy.

“It was certainly never my intention for this to happen,” mentioned Madoff. “I thought I could work myself out of a temporary situation but it kept getting worse and worse and I didn’t have the courage to admit what I had done. It created a major problem.”

Many victims of Madoff’s “problem” had hoped he would undergo in jail. But Mike De Vita, a Madoff sufferer who co-authored “The Club that No One Wanted to Join,” noticed that “life for him is kind of good in some ways.”

De Vita would not consider that Madoff feels any true regret for the harm he precipitated to others, even to his circle of relatives. He dismissed Madoff’s regret as “words, and words alone.”

“How could a father bring his own two sons into a business that he knows is nothing more than a massive criminal enterprise?” De Vita requested. “If he has that little consideration for his own family, how much consideration do you think he has for us?”

Leave a Reply

Your email address will not be published. Required fields are marked *