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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: federal prison

federal prison stories: 38 news summaries

1 - 20 of 38 Stories | 1 2 Next >>

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Martha Stewart:
I Lost a Billion Bucks in Prison

She laments loss to 'mankind,' smack talks Rachael Ray

Nov 19, 09 2:31 PM CST
(Newser) - Martha Stewart says she lost more than a billion dollars by going to prison, but don’t cry for her: it’s humanity that lost out. In an interview to air tonight on Nightline , Stewart laments having been “prosecuted in such a way,” saying she lost... More »

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insider trading • Martha Stewart • federal prison • Rachael Ray

Ill. Dems Rally Around Plan
to Take Gitmo Prisoners 

Quinn, Durbin say detainees at empty prison would create 3,000 jobs

Nov 16, 09 9:14 AM CST
(AP) - Illinois' governor and senior senator spent yesterday feverishly trying to regain momentum on their plan to use a nearly empty maximum-security prison 150 miles from Chicago to house Gitmo detainees. With federal officials visiting Thomson Correctional Center today, local GOP lawmakers had gone on the offense Saturday, calling it a... More »

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Guantanamo Bay • Illinois • federal prison • Dick Durbin • governor • suspected terrorists • detainees • Pat Quinn

 Prison in Illinois 
 May Replace Gitmo 

Thompson site is top contender, but local congressmen are opposed

Nov 14, 09 2:04 PM CST
(Newser) - The leading contender to take Guantanamo Bay's prisoners when it shuts down is a federal prison in Illinois, sources tell the Chicago Tribune . The near-empty facility in the small town of Thompson, about 150 miles west of Chicago, would take an unspecified but "limited" number of Gitmo's remaining 215... More »

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Guantanamo Bay • Illinois • federal prison • Guantanamo prisoners • Gitmo

Madoff Trustee Sues Relatives for Not 'Doing Their Jobs'

$199M suit spreads blame to firm's execs

Oct 2, 09 3:15 PM CDT
(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... More »

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fraud • federal prison • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Irving Picard • Peter Madoff • Andrew Madoff • Mark Madoff • Shana Madoff

GLOSSIES

 Imprisoned 
 Ponzi Schemer: 
 It Happens to 
 the Best of Us 

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

Sep 29, 09 3:32 PM CDT
(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 More »

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New York City • federal prison • Ponzi scheme • bank fraud • law firm • Bernard Madoff • Marc Dreier

nfl history

 Lions Score 1st Win Since 2007 

Redskins fall to team that went 0-16 in 2008; Vick returns

Sep 27, 09 3:45 PM CDT
(Newser) - The Detroit Lions, winless since December 2007 and holders of the NFL record for futility after their 0-16 2008 season, stunned the visiting Redskins today at Ford Field, recording a 19-14 victory. "Yes, it's just the Redskins. And yes, they are not very good," wrote Shawn Winston of... More »

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NFL • Michael Vick • Washington Redskins • Kansas City Chiefs • Detroit Lions • Philadelphia Eagles • federal prison • pro football

 Madoff's Beach Home Sells 
 for More Than Asking Price 

Montauk manse was on the market for $8.75M

Sep 17, 09 1:40 PM CDT
(Newser) - Bernie Madoff's Montauk beach house is off the market, ABC reports. A buyer paid cash "over the asking price" of $8.75 million, say Realtors involved with the deal. The US Marshals Service, which is selling the home to get money back for Madoff's victims, won't divulge the buyer's... More »

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fraud • Long Island • federal prison • Ponzi scheme • Montauk • Bernard Madoff • Bernard L. Madoff Investment Securities

Madoff on Fooling SEC: 'Just Be Casual'

Ponzi schemer taped giving associates tips to dodge regulators

Sep 10, 09 5:11 PM CDT
(Newser) - The most important thing to remember if you want to fool the SEC is to act casual, Bernie Madoff told executives at Fairfield Greenwich Group. “You don't want them to think you're concerned about anything,” the Ponzi scheme mastermind said in a phone call taped in 2005, CNN ... More »

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fraud • Massachusetts • federal investigation • finance • SEC • federal prison • SEC commissioners • Bernard Madoff • Fairfield Greenwich Group • Bernard L. Madoff Investment Securities • regulator • Securities and Exchange Commission

(Newser) - Michael Vick, who last played in the NFL in 2006, will be eligible to suit up for the Eagles on Sept. 27, the Philadelphia Daily News reports. "Hopefully we can have a success story here that will be good for society in general and good for the NFL,"... More »

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NFL • Roger Goodell • Michael Vick • football • probation • dogfighting • Andy Reid • federal prison • National Football League • pro football

(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... More »

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cancer • New York Post • pancreatic cancer • federal prison • Bureau of Prisons • Ponzi scheme • bank fraud • Bernard Madoff • Ira Sorkin • prison sentence

 Vick Vows He 
 'Won't Disappoint' 

QB: 'I'm glad to have a second chance'

Aug 14, 09 12:06 PM CDT
(Newser) - Michael Vick says he “won’t disappoint” as a player for of the Eagles, the Philadelphia Daily News reports. “I’m glad to have an opportunity at a second chance,” said the convicted felon and newly signed quarterback. He said at a press conference today he had... More »

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NFL • Atlanta Falcons • Michael Vick • football • press conference • dogfighting • Philadelphia Eagles • federal prison • quarterback

(Newser) - Attempted presidential assassin and Manson Family member Lynette "Squeaky" Fromme is free after more than 30 years in prison, ABC News reports. Fromme. 60, had completed her term for the attempted assassination of Gerald Ford—she didn’t get off a shot—but was held longer because of a... More »

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president • federal prison • Gerald Ford • assassination attempt • Charles Manson • Lynette "Squeaky" Fromme • freedom

(Newser) - Obama administration officials are traveling to Michigan today to visit a maximum-security prison that could be used to hold some or all of the 229 terrorism suspects now at Guantanamo Bay, reports the Detroit News. Members of the Defense, Justice, and Homeland Security Departments are all touring the facility. Local... More »

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prison • Michigan • Guantanamo Bay • federal prison • Guantanamo prisoners • Obama administration • Standish Maximum Security Correctional Facility

 Madoff Crafty but 
 Dumb: New Book 

Pals surprised he pulled Ponzi scheme off

Jul 24, 09 8:48 AM CDT
(Newser) - Bernie Madoff was a swindler from a young age—but many acquaintances also considered him “the dumbest man on earth," says an upcoming exposé. Jerry Oppenheimer’s new book, Madoff With the Money, also reveals that the Ponzi schemer skirted 2 years of Army Reserve duty during... More »

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fraud • federal prison • book • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Jerry Oppenheimer

(Newser) - Bernie Madoff has reached his destination for the next 150 years or so. Clad in a blue jumpsuit, the fraudulent financier arrived at Butner Federal Correctional Complex in North Carolina just before noon today, ABC News reports. But the 71-year-old can take heart, because he “hit the inmate lottery,... More »

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fraud • North Carolina • federal prison • Ponzi scheme • white collar crime • inmates • Bernard Madoff

 Madoff Won't Appeal 

Conman resigned to life in prison

Jul 9, 09 2:59 PM CDT
(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... More »

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fraud • prison • crime • appeal • federal prison • Ponzi scheme • con man • Bernard Madoff • Bernard L. Madoff Investment Securities • prison sentence

(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... More »

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fraud • prison • Alec Baldwin • federal prison • Ponzi scheme • federal prosecution • Bernard Madoff • Frank Abagnale • prison sentence

ANALYSIS

 No Cushy 'Camp Fed' for Madoff 


Jun 30, 09 12:49 PM CDT
(Newser) - Bernard Madoff’s high profile and long sentence will likely land him in a medium- or high-security prison, Bloomberg reports. Though previous white-collar criminals have spent terms at federal prison “camps,” any sentence longer than 10 years makes an inmate ineligible for that cushy treatment. Insiders also say... More »

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federal prison • Bureau of Prisons • Ponzi scheme • penitentiary • life sentence • Bernard Madoff • solitary confinement • prison camp

How Will Ruth Madoff Survive on Just $2.5M?

With $125K to spend yearly, time to trade in the pair of Mercedes

Jun 29, 09 8:18 AM CDT
(Newser) - With just $2.5 million at her disposal as her husband heads to jail, Ruth Madoff won't exactly be sentenced to penury, but she'll have to cut her annual expenses to the low six figures if she wants it to last her lifetime, reports Brett Arends of the Wall Street ... More »

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Florida • fraud • crime • Manhattan • lifestyle • federal prison • settlement • Ponzi scheme • Bernard Madoff • Ruth Madoff

(Newser) - Governors are more than a little reluctant to house Guantanamo Bay detainees in their state prisons, the Washington Times reports. The paper asked a variety of governors’ offices if they’d be willing to take the prisoners, including those from states whose congressmen support the idea of shutting Gitmo.... More »

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Vermont • Michigan • Guantanamo Bay • federal prison • governor

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