Bernard Madoff will be transferred to a prison "first class", known for its personnel and medical facilities, said the chain

The financier Bernard Madoff deprived serve his sentence in one of the most famous prisons in the United States, North Carolina, said the ABC television news. He was sentenced in June to end 150 years in prison for a massive fraud.

Bernard Madoff will be transferred to a prison "first class", known for its personnel and medical facilities, said the chain.

A reduced sentence ... which does not change
It indicated that the prison was located in Butner, North Carolina, some 650 km from New York. Bernard Madoff, 71, and his wife Ruth, 68, feared he would be sent to a high security prison far, according to sources close to the family of financial forfeited.

ABC also said that the sentence of the former financier had been reduced by 20 years, citing documents from the prison authorities that his release was scheduled for 12 November 2139.

What did happen Bernard Madoff Case ?
The case began on 11 December 2008 with the arrest of Bernard Madoff. He had to admit his son to have mounted a huge scam since the late 70s and have robbed thousands of investors who had entrusted their money.

The former king of Wall Street and former Chairman of the Board of Directors of the electronic stock exchange, Nasdaq, had received some $ 13 billion, a portfolio he had confessed to have never invested so that it provided to clients returns in excess of 1% per month.
Labels: American Financial, Economy