July 14, 2009

N.C. prison complex will be Madoff’s home

Convicted multibillion-dollar swindler Bernard Madoff was transferred Monday to a federal prison in Butner, N.C., to serve his 150-year sentence.

The Federal Bureau of Prisons transferred Madoff to the Butner Federal Correctional Complex after he was housed temporarily in an Atlanta facility, The Wall Street Journal reported.

The Butner facility is about 30 miles north of Raleigh, and an eight-hour drive from New York. Madoff's attorney had requested his client be housed at a federal prison in Otisville, N.Y.

The Butner complex includes two medium-security prisons, a low-security prison, medical facility and satellite prison camp for minimum-security male inmates, the Journal reported.

Madoff, 71, had been incarcerated at the Metropolitan Correctional Center in New York since his guilty plea on 11 counts. Madoff was sentenced to 150 years on June 29, for bilking billions of dollars from thousands of investors. His scheduled release date is Nov. 14, 2139.

He also was ordered to forfeit his property to comply with a $170 billion legal judgment against him.