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Last August, shortly after his arrival at the federal correctional complex in Butner, North Carolina, Bernard L. Madoff was waiting on the evening pill line for his blood-pressure medication when he heard another inmate call his name. Madoff, then 71, author of the most devastating Ponzi scheme in history, was dressed like every other prisoner, in one of his three pairs of standard-issue khakis, his name and inmate number glued over the shirt pocket. Rec time, the best part of a prisoner’s day, was drawing to a close, and Madoff, who liked to walk the gravel track, sometimes with Carmine Persico, the former mob boss, or Jonathan Pollard, the spy, had hurried to the infirmary, passing the solitary housing unit—the hole—ducking through the gym and the twelve-foot-high fence and turning in the direction of Maryland, the unit where child molesters are confined after they’ve served their sentences. As usual, the med line was long and moved slowly. There were a hundred prisoners, some standing outside in the heat, waiting for one nurse.
Originally posted by JacKatMtn
reply to post by Sinter Klaas
I thought it was interesting to see how Bernie is held in such high stature amongst his fellow inmates.
For me it just highlights the culture of those who hold money as a status symbol, if you have enough of it, regardless the means to attain it, the time lived with it is worth the time spent behind bars without it?
That's a concept that I gladly have not fell victim to, I would much rather have be wealthy in regards to family and friends, than to hang my hat on a bank book.
Originally posted by silent thunder
What Mr. Madoff did was reprehensible and his punishment was justly deserved.
However, others in the financial world have done, and continue to do, things that are orders of magnitude more destructive. And yet they walk around as free men and women, at least in part because attention has been diverted by high-profile criminals like Madoff.
The swift justice metted out to Madoff, while deserved, unfortunately gives the illusion of motion, and the illusion that "crimes are being punished," when in actuality Madoff is less than the tip of the iceberg.
Never forget this.