No Cushy 'Camp Fed' for Madoff

(NEWSER) - Contrary to what you might have read in the New York Post, Bernie Madoff does not have cancer, Bloomberg reports. “While the N.Y. Post story is full of inaccuracies, and we can’t specifically address all of them, we can tell you that Bernie Madoff is not terminally ill, and has not been diagnosed with cancer,” a Bureau of Prisons spokeswoman says. The Post reported that he might have pancreatic cancer. His lawyer offered little help in clarifying the situation: “I don’t discuss my client’s physical or mental condition.” More»

Former partner knows where it is, may cut deal

(NEWSER) - Bernie Madoff has a secret stash, and his partner in crime knows where it is. The Ponzi schemer has told fellow federal prisoners he funneled $9 billion to three people—“I think it was personal friends,” the source tells the New York Post —and he suspects Frank DiPascali is using his knowledge of the recipients to make a deal with prosecutors. More»

Ponzi schemer serving 150-year sentence becomes celeb in prison

(NEWSER) - Bernie Madoff isn't wasting time fretting over the lives he ruined and the fortunes he destroyed. Shortly after he arrived at a federal prison in North Carolina last summer, another inmate was pestering him about the people he had duped, and the Ponzi schemer lost his patience. "Fuck my victims,” he said, according to a New York magazine account based on interviews with two dozen other prisoners. "I carried them for twenty years, and now I’m doing 150 years." More»

But there's no word from officials on what's wrong

(NEWSER) - Bernard Madoff has been transferred to the medical facility at the federal prison in North Carolina where he has been serving his 150-year sentence since July. A spokeswoman tells Bloomberg the Ponzi schemer was transferred on Dec. 18, but would not say why. Neither a federal prisons official nor Madoff’s lawyer would comment on his condition. More»

$199M suit spreads blame to firm's execs

(NEWSER) - The trustee in the Bernie Madoff case, delivering on his threat to sue the imprisoned fraudster's relatives and co-workers, filed a $199 million lawsuit today in bankruptcy court. Rather than alleging that they knew about Bernie's Ponzi scheme, Irving Picard's complaint takes issue with the way brother Peter, sons Mark and Andrew, and niece Shana did their jobs. It charges that they were "completely derelict" in their responsibilities to investors, the New York Times reports. More»