51° Good Evening
51° Good Evening
NewsNew York

Madoff moving out of NYC, to North Carolina prison

WASHINGTON - Disgraced financier Bernard Madoff has been moved out of a New York lockup on his way to a North Carolina facility to begin serving his 150-year sentence, a law enforcement official said Monday.

Madoff is headed to the Butner federal prison, according to the official, who spoke on condition of anonymity because the official was not authorized to discuss prisoner transfers.

A spokeswoman for the Bureau of Prisons, Traci Billingsley, would only say late Mondayafternoon that Madoff was not at a Bureau of Prisons facility. The bureau does not discusstransfers until prisoners reach their destination.

PHOTOS: Bernard Madoff case

Madoff's attorney Ira Sorkin declined comment Monday, saying, "We have not been advisedyet." Madoff, 71, was sentenced last month after pleading guilty in March to charges that hisinvestment advisory business was a multibillion-dollar scheme that wiped out thousands ofinvestors and ruined charities.

Authorities said Madoff had carried out the fraud for at least two decades before confessing tohis sons in December that his investment business was a fraud and that he had lost as much as$50 billion.

The Butner Federal Correctional Complex, located about 45 miles northwest of Raleigh,includes two medium-security facilities, a low-security facility and a hospital, according to theBureau of Prisons Web site.

Among the well-known criminals being held at Butner are:

-- John Rigas, founder of AdelphiaCommunications, and his son, Tim, the company's chief financial officer. They were convicted onmultiple charges of securities fraud, conspiracy to commit bank fraud and bank fraud.

-- Jonathan Pollard, the American convicted of spying for Israel more than two decades ago.

-- Omar Abdel-Rahman, also known as the blind sheik, who was sentenced to life in prison in1995 for his role in a plot to kill Egyptian President Hosni Mubarak and blow up New York Citylandmarks, including the United Nations. He was sentenced to life in prison in 1995 and movedto Butner in 2007.

PHOTOS: Bernard Madoff case

More news