Bernie Madoff earned $710 in jail after Ponzi fraud conviction

Bernie Madoff is leaving federal court in New York on March 10, 2009.

Jin Lee | Bloomberg via Getty Images

Some people might argue that Bernie Madoff was massively overpaid even at just 24 cents an hour to work as a jailer.

Madoff, the late king of the Ponzi scheme who ripped off thousands of people for billions of dollars, earned just $ 710 after working nearly 3,000 hours while serving 12 years in a North Carolina federal prison before he dies of kidney failure in April, show newly released records.

And when he died at the age of 82, Madoff didn’t leave much of his personal belongings: eight AAA batteries, four religious paperback books, a Casio calculator, four packets of popcorn, a packet of ramen soup, a box of filtered fish, and not much more.

Bureau of Prinance records, reported first from the online publication The City, also show that while Madoff received generally positive reviews for his performance as a nurse, at some point a supervisor remarked that he “needs closer supervision than most” and was “not very reliable”.

This was certainly the case when Madoff ran Bernard L. Madoff Investment Securities in New York, where for decades he led a luxurious lifestyle and satisfied clients with constant investment returns on their portfolios.

These returns turned out to be a deception.

In 2008, federal prosecutors accused Madoff of running the largest Ponzi scheme in history, using money from some investors to distribute alleged profits to others.

Madoff’s sons, Mark and Andrew, had told authorities that he had confessed to them that his business was an outright fraud.

Madoff pleaded guilty to 11 crimes in Manhattan federal court in 2009 and was sentenced to 150 years in prison.

Mark Madoff killed himself in 2010 at the age of 46, two years from the day this father was arrested. Andrew Madoff died of lymphoma four years later at the age of 48.

While in custody in Butner, North Carolina, Madoff served as the first vigilante in a section of the detention center dedicated to educational programs. He later asked to be transferred to work in the chapel area, The City noted in its report.

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Last year, Madoff’s attorney revealed in court files that the sociopathic impostor was terminally ill with kidney disease. when he asked a judge to grant Madoff an early release out of compassion.

Manhattan Federal Judge Denny Chin Chi shot this request in June 2020, stated that Madoff had committed “one of the most egregious financial times of all time” and that “many people still suffer from it”.

About 500 victims wrote to oppose Madoff’s release.

One of Madoff’s victims had written to Chin, “I wholeheartedly believe that my husband would be alive today if he did not deal with the stress and emotional distress that the loss of almost all of our money has meant to our family. “

In December, the Justice Department announced that the Madoff Victim Fund was total $ 3.2 billion for nearly 37,000 people scammed by Madoff. This dollar amount represents more than 80% of the total casualty losses.

The fund’s money comes from recovering assets associated with Madoff. The fund predicts that it will ultimately return more than $ 4 billion in total assets.

Photograph of Bernie Sanders sporting mittens at inauguration turns into cash maker

Senator Bernie Sanders, I-Vt., Previewed his priorities as the Chair of the Budget Committee. Edward Lawrence of FOX Business with more.

The picture of Sen. Bernie Sanders wear Mittens made from recycled materials and a warm winter jacket as casual inauguration Outfit first went viral online last week and is now generating a lot of money.

The “Bernie’s mittens crochet doll Bernie Sanders meme handmade collectible doll” sold on eBay for $ 14,900 on Sunday afternoon.

The doll, whose proceeds will go to charity, is a replica of a masked sander sitting in his folding chair with his arms crossed and wearing comfortable gloves – a moment that was great fun and celebrated on social media.

New York University student Nick Sawhney tweeted about his new website This uses the street view from Google Maps to place the Sanders image at any address.

The tweet was retweeted over 48.6,000 times and was liked 248.7,000 times.

“Oh my god, I wasn’t expecting that. I am overjoyed that so many people like it! I’m trying my best to keep it from crashing! “Sawhney said in a follow-up tweet.


The money maker meme contained everything from bobble heads and stickers to paintings and drawings.

There are even links through which consumers can purchase the high fashion versions of Sanders’ outfit.

Lots of people were quick to highlight the looks of the 79-year-old independent Vermont senator and create endless memes from Wednesday’s inauguration Joe Biden and Kamala HarrisHe was more about keeping warm than fashion.

“You know, in Vermont we dress warm, we know about the cold and we’re not that concerned about good fashion, we want to keep warm. And I did that today, ”Sanders told CBS on Wednesday.

People were especially fond of Sanders’ gloves, which were made by a Vermont elementary school teacher who also makes gloves from recycled wool.

“I love that he loves them and that he wears them,” said Jen Ellis, an elementary school teacher NECN-TV. “And I’m totally honored that he wore it today.”


Sanders fully embraced his viral moment when his team recently unveiled a Chairman Sanders Crewneck pullover on a product page in the Bernie Campaign Store, which is reportedly made in the US from ring-spun organic cotton.

It’s snowing sold out, and a warning The website states: “*** Due to the overwhelming demand for this item, it will take 4-8 weeks to receive your sweatshirt. *** “

Chairman Sanders Crewneck sold for $ 45. However, according to Sanders’ campaign website, 100% of the proceeds will go to Meals on Wheels Vermont.

Sen. Bernie Sanders is utilizing his inauguration meme to lift cash for charity

Vermont Senator Bernie Sanders uses his internet fame from his inaugural meme to raise money for charity.

The senator continues to sell sweaters his campaign website with the picture of him sitting in the audience at the inauguration in a mask and mittens that went viral earlier this week. The sweaters are $ 45 each and are small to twice the size.

The downside is that they are currently sold out. And if you’ve been lucky enough to snag one, it could take anywhere from four to eight weeks to get you due to the overwhelming demand.

The good news is that all proceeds from the sale of sweaters will be donated to Meals on Wheels Vermont, according to Meals on Wheels Vermont Sanders’ website.

Bernie’s meme went viral for the first time on Wednesday, and the internet began photoshoping the Senator under various circumstances.

Even some of San Antonio’s landmarks, restaurants, and universities joined the social media trendand people love it.

You can find more information about the sweaters at Click here.

ALSO READ: San Antonio’s Best Bernie Sanders Memes After The Housewarming Photo Go Viral

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