Madoff Is Cancer-Free: Prison Official

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»

Jailed Ponzi lawyer just wanted a beach house. $380 million later...

(NEWSER) - Before he left house arrest in his posh New York apartment to start serving a 20-year sentence, Ponzi schemer Marc Dreier attempted to explain his bizarre actions. Dreier sold bogus debt to expand his law firm, impersonating execs from other companies to do so. His criminal enterprise, he tells Vanity Fair, was based on desire for a beachfront Hamptons home. “I wanted to just, well, appease myself,” he says. More»

Some speculate this is why he took the fall

(NEWSER) - Bernie Madoff may not serve much of his 150-year sentence: The Ponzi schemer is suffering from cancer, fellow inmates tell the New York Post, and has been telling everyone he doesn't have long to live. “He’s been taking about 20 pills a day for his cancer,” one tells the tabloid. "He talks about it all the time. He's not doing very well." Not that the Post musters any sympathy. Today's headline reads: "MADOFF DYING—UNLESS HE CAN CHEAT DEATH, TOO." More»

Conman resigned to life in prison

(NEWSER) - Bernie Madoff will do his time, his lawyer said today. The 71-year-old con man sentenced to 150 years in prison on a slew of fraud charges related to his massive Ponzi scheme won’t file an appeal, Bloomberg reports. “In terms of the appeal, done, over,” Madoff’s attorney Ira Sorkin said today. More»

(NEWSER) - Alec Baldwin throws water on the general celebration of Bernie Madoff's prison sentence, arguing that the 150-year term handed down to the fraudster Monday was a wasted opportunity. "I want to suggest, as I am confident others have, that Madoff be given a reduced sentence in exchange for answering every question that investigators ask regarding how he did what he did and what are his recommendations for how this might be detected and/or prevented in the future," the actor writes for the Huffington Post. More»