Menu

U.S.

Nation's oldest prisoners may benefit from new outlook toward compassionate-release program

A new attitude by the Federal Bureau of Prisons toward compassionate release is raising hopes of freedom for some aging inmates.

Philadelphia attorney Lawrence McMichael says 88-year-old Adelphia Corp. founder John Rigas (REE'-guhs) is among those considering it. Rigas is halfway through a 12-year prison term for bank and securities fraud convictions.

McMichael says his client should be a prime candidate because of age and health issues, including cancer and heart surgery.

The Department of Justice's inspector general recently called the 3-decade-old compassionate release program "poorly managed." It noted the Bureau of Prisons usually recommends only about two dozen prisoners a year to be released because of terminal illness. The bureau has indicated it's ready to follow some of the inspector general's suggestions.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.30% up 4.25%  
15 Y Fixed Graph 3.29% dw 3.32%  
30 Y Fixed Jumbo Graph 4.58% dw 4.59%  
5/1 ARM Graph 3.45% dw 3.63%  
5/1 Jumbo ARM Graph 3.52% up 3.49%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.46%  
$50K HELOC Graph 4.11% dw 4.17%  
$30K Loan Graph 4.99% dw 5.10%  
$50K Loan Graph 4.40% dw 4.55%  
$75K Loan Graph 4.40% dw 4.51%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.91% up 2.87%  
36 M Used Graph 3.43% up 3.35%  
48 M New Graph 3.19% up 3.14%  
48 M Used Graph 2.97% up 2.92%  
60 M New Graph 3.22% up 3.17%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.34% -- 0.34%  
1 yr Graph 0.68% -- 0.68%  
5 yr Graph 1.38% up 1.37%