Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Madoff moved back to prison cell

By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney.com) -- Ponzi schemer Bernard Madoff was moved back to his jail cell Monday after being treated for 10 days at a medical facility at the prison where he's incarcerated in North Carolina, according to the Federal Bureau of Prisons.

Madoff was transferred to the medical center at the Butner Federal Correctional Complex on Dec. 18 to receive treatment for hypertension and dizziness, said bureau spokeswoman Traci Billingsley.

madoff_mugshot.03.jpg
Ponzi schemer Bernard Madoff, shown here in his mug shot, was moved back to his cell Monday after 10 days in a prison medical center.

Rumors swirled after his transfer to the medical facility located within the Butner, N.C. prison, as press reports this summer said Madoff had terminal cancer.

In August the BOP released a statement denying those reports, and last week the bureau said it was standing by that statement.

Madoff, 71, pleaded guilty in March to 11 counts related to running the most massive Ponzi scheme in history and was sentenced to 150 years.

Shortly after his sentencing in New York, Madoff was transferred to the medium-security federal prison.

-- CNN's Mark J. Norman contributed to this report. To top of page

Index Last Change % Change
Dow 21,012.42 74.51 0.36%
Nasdaq 6,163.02 24.31 0.40%
S&P 500 2,404.39 5.97 0.25%
Treasuries 2.27 -0.02 -0.83%
Data as of 5:57pm ET
Company Price Change % Change
Bank of America Corp... 23.36 -0.03 -0.13%
General Electric Co 27.83 -0.45 -1.59%
Ford Motor Co 10.96 -0.09 -0.81%
Advanced Micro Devic... 10.89 0.00 0.00%
Chesapeake Energy Co... 5.55 -0.12 -2.12%
Data as of 4:00pm ET
Sponsors

Sections

Starbucks executive chairman Howard Schultz says that male executives must be vulnerable to be great leaders. More

The White House budget director has defended unrealistic growth assumptions in President Trump's budget. That is, until a fellow conservative and deficit hawk eviscerated those assumptions. More

Analysts at Morgan Stanley estimate that Waymo -- the self-driving car startup that is owned by Google parent Alphabet -- could be worth $70 billion. It seems like a stretch given that Waymo is unlikely to be profitable until 2022. More

Want to keep more of your money? Do these five things -- each of which takes 20 minutes or less -- so you can cut your spending and fatten your pocketbook. More