Bernie Madoff: Prison is Just Like Camp!

Bernie Madoff

Not quite sure what kind of childhood Bernie Madoff had, but apparently the federal prison where he’s serving his 150-year sentence reminds him of summer camp.

In an interview with the Wall Street Journal, Madoff, the man behind the largest Ponzi scheme in U.S. history, called the federal prison in North Carolina, “as good as it gets.” The 75-year-old went on to say that the Butner Federal Correction Complex was “very laid back,” and a bit like a “camp.” Good thing he still has 146 years left!

But despite enjoying the camp-like activities, Madoff hasn’t spent much time reflecting on his crimes. The notorious Wall Street fraudster said his decades long Ponzi scheme wasn’t really his fault. Instead Madoff blames his investors for losing million because they were “sophisticated people” who “should have known better.”

“People asked me all the time, how did I do it. And I refused to tell them, and they still invested,” he said. “Things have to make sense to you. You should ask good questions.”

Madoff also threw the Securities and Exchange Commission under the bus, saying “if they checked on me, I would have been found out.”

But Madoff’s prison sentence hasn’t been all campfires and sing alongs. One downside to Madoff’s stay at the prison camp is that he’s been cut off from his immediate family. His son Andrew Madoff and his wife refuse to talk to him, which Madoff calls the worst consequence of his conviction. Worse than having his other son commit suicide following the Ponzi scheme reveal? Perhaps. Madoff said he regretted the suicide happened, but “showed little emotion.”

Via: The Wall Street Journal

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