Bernie Madoff gets into a prison fight over the stock market

I really can’t put it any better than the New York Post already has:

Bernie “The Bruiser” Madoff got into a prison-yard tussle with a fellow inmate over — of all things — the stock market, eyewitnesses told The Post.

And, by inmates’ accounts, the 71-year-old Ponzi schemer came out the winner.

The Post‘s coverage continues:

Madoff, serving 150 years at the Butner, NC, federal prison, was heard last week getting into a heated debate over the state of the market with another senior-citizen jailbird.

The shouting match got so heated that the inmate pushed Madoff, who shoved back harder with both hands, causing his attacker to stumble.

As the attacker tried to stand up straight, Madoff hovered over him red-faced and glaring, eyewitnesses said.

The stunned attacker went chicken and took off — allowing Madoff to collect some “cred” among his fellow prisoners.

The rest of the story is here, including the factoid that Madoff paid a consultant for a crash course in prison culture and survival tips before he headed to jail. That, at least, was money well-invested.

Barbara!

Related Topics: Bernie Madoff, prison fight, stock market, Economy & Policy, Wall Street & Markets
  • Latest on Business

    LM Otero / AP

    Senate Approves Hike in Airline Security Fees

    (WASHINGTON) — A Democratic-controlled Senate panel Tuesday approved a $2.50 increase in airline security fees that would double the per-passenger fee for those taking nonstop flights.

    Why Greece Isn't Leaving the Eurozone YetSlate

    Associated Press

    Stocks Rally Further in Run-up to EU Summit

    MOSCOW — Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that’s expected to be dominated by calls to boost economic growth.

    Europe remains the focus of attention across all financial markets in the run-up to the June 17 Greek election that could go a long way to determining the country’s membership of the euro as well as the future of the single currency zone.

  • pneogy

    “The rest of the story is here, including the factoid that Madoff paid a consultant for a crash course in prison culture and survival tips before he headed to jail. That, at least, was money well-invested.”

    I wouldn’t be surprised if the other guy were a plant.

  • richinnj

    I’m skeptical that it actually happened.

  • curmudgeon57

    Why, that crook. They should extend his sentence . . . er, I guess that wouldn’t be much of a deterrent to him doing whatever he wants.

  • Barbara Kiviat

    @richinnj: I know. I thought the same thing. Although the Post’s financial coverage does tend to be quite good.

  • http://www.asianews.com.pk/2010/03/rip-empson-bernie-gets-a-faceful-of-justice/ Rip Empson: Bernie Gets a Faceful of Justice

    [...] is not Madoff’s first brush with hand-to-hand combat. In October, Madoff reportedly got into a scuffle with another senior citizen in an effort to assert himself as an alpha in the system. Both were hospitalized with heart [...]

  • http://www.blogallovertheworld.com/2010/03/rip-empson-bernie-gets-a-faceful-of-justice/ Rip Empson: Bernie Gets a Faceful of Justice | Blog All Over The World

    [...] is not Madoff's first brush with hand-to-hand combat. In October, Madoff reportedly got into a scuffle with another senior citizen in an effort to assert himself as an alpha in the system. Both were hospitalized with heart [...]

blog comments powered by Disqus