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‘Enforcement 40’ for 2020
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Stanford Gets Wish, Transferred to New Jail After Fight
Stanford’s lawyer characterizes the move as a “wise economic decision” by the court.
Fifth Circuit Ruling Keeps Stanford in Prison Pending Trial
On Monday, the Fifth Circuit Court of Appeals ruled that Allen Stanford will remain in jail until his trial. The appellate court found that Senior U.S. District Judge David Hittner did not abuse his discretion when he refused to let Stanford go free on bail. As previously discussed here, on June 30, 2009, Judge Hittner […]
FOX Business Video: Does Madoff Have Cancer?
Does Bernie Madoff have cancer? The NY Post and the Bureau of Prisons have conflicting reports.
Former WorldCom CFO Scott Sullivan Completes Sentence
Former WorldCom CFO Scott Sullivan is now out of prison and living in Boca Raton after serving four years of a five-year prison sentence for his role in the company’s massive accounting fraud. The Palm Beach Post reports that Sullivan served the bulk of his sentence at a medium-security federal corrections facility in Jesup, Ga., […]
Stanford Seeks Transfer Out of “Oppressive” and “Intolerable” Prison
The federal judge in the R. Allen Stanford case has already denied one Stanford request to move to a different prison, but Stanford’s lawyer, Dick DeGuerin, has “urgently” asked Hittner to reconsider. According to DeGuerin, conditions at the Joe Corley detention facility where Stanford is now being held are “oppressive:” DeGuerin notes that “during the […]
FOX Business Video: Madoff’s Prison Consultant on How He Prepared Madoff for 150 Year Sentence
In this FOX Business video, prison consultant Herb Hoelter, CEO of the National Center for Institutions and Alternatives, discusses how he prepared Bernie Madoff (whom he labels a “decent,” “remorseful,” and “humble” person) for 150 years in prison. Watch the latest business video at FOXBusiness.com
CNBC Video: Live From the Butner Federal Correctional Complex
CNBC’s Scott Cohn reports live from the Butner Federal Correctional Complex, where Bernard Madoff is expected to spend the rest of life. Visit msnbc.com for Breaking News, World News, and News about the Economy
Madoff to Serve 150-Year Sentence at Butner Federal Correctional Complex in N.C.
Bernie Madoff will serve his 150-year sentence at the Butner Federal Correctional Complex, about 45 minutes northeast of Durham, NC. Clusterstock reports that the North Carolina prison is considered “the crown jewel” of the federal prison system, “a place where many convicts hope to be sent. It may not be ‘club Fed’ but it is […]
Madoff: From the Penthouse to the Metropolitan Correctional Center
This video from Fox Business shows Bernard Madoff’s new home until he is sentenced on June 16: The Metropolitan Correctional Center. Madoff goes from a stunning penthouse apartment in Manhattan to a 7.5′ x 8′ jail cell that he will share with a roommate and which contains only a bunk bed, a desk and a […]