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Madoff Kin Seek Advice on Life Behind Bars

Bernie's relatives look into former inmate's 'Fedtime 101' course

By Matt Cantor,  Newser Staff

Posted Apr 13, 2009 11:36 AM CDT

(Newser) – Two of Bernie Madoff’s family members have contacted a consultant who teaches a class on life in the slammer, the New York Post reports. Madoff’s niece, a compliance officer at his firm, is “concerned about her safety,” a source told the Post. Shana called a former white-collar prisoner about his “Fedtime 101” course “to learn how to game the system, so you end up in Club Fed, not Leavenworth,” said another source.

“Shana signed a lot of documents, saying they were correct," that source added. "She may have a problem." An unnamed male Madoff relative also contacted Wall Street Prison Consultants “independently,” noted founder Larry Levine, who did 10 years for counterfeiting securities. “I give people a wakeup call." The $850 course also teaches students how to get an early release.

Ruth Madoff, second from left, is escorted by private security as she leaves the Metropolitan Correctional Center after visiting her husband, former financier Bernard Madoff,  Monday, April 6, 2009 in New York.
Ruth Madoff, second from left, is escorted by private security as she leaves the Metropolitan Correctional Center after visiting her husband, former financier Bernard Madoff, Monday, April 6, 2009 in...   (AP Photo/Mary Altaffer)
In this March 12, 2009 file photo, Bernard Madoff arrives at Manhattan federal court in New York. The Internal Revenue Service issued guidelines Tuesday, March 17, 2009 that will allow tax relief and refunds for some Bernard Madoff victims who were levied for investment earnings that turned out to be...
In this March 12, 2009 file photo, Bernard Madoff arrives at Manhattan federal court in New York. The Internal Revenue Service issued guidelines Tuesday, March 17, 2009 that will allow tax relief and...   (AP Photo/ Louis Lanzano, file)
Peter Madoff consults with his attorney Charles Spada before judge Stephen Bucaria at Mineola State Supreme Court, Friday, April 3, 2009, in New York. The former chief compliance officer of Bernard Madoff investment Securities LLC and brother of Bernard will be allowed to spend $10,000 a month for living...
Peter Madoff consults with his attorney Charles Spada before judge Stephen Bucaria at Mineola State Supreme Court, Friday, April 3, 2009, in New York. The former chief compliance officer of Bernard Madoff...   (AP Photo/ Louis Lanzano, POOL)
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COMMENTS
Showing 2 of 2 comments
Caps
Apr 14, 2009 12:35 PM CDT
Sure sounds like a good ideal.
Observer
Apr 13, 2009 7:06 AM CDT
Funny that there is a Wall Street Prison Consultants. Must be a growth industry these days. Any shares available Padre?

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