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Madoff Arrives at Prison in North Carolina to Start 150-Year Sentence

Associated Press
Published | Updated

WASHINGTON – Disgraced financier Bernard Madoff has arrived at a federal prison in Butner, North Carolina, to start serving a 150-year sentence.

Federal Bureau of Prisons spokeswoman Linda Thomas says Madoff arrived at the Butner facility Tuesday morning, after a brief stay at an Atlanta prison while in transit from a federal jail in New York City.

Madoff has a projected release date of November 14, 2139, assuming he gets early release credit for good behavior while in prison.

He is listed in Bureau of Prisons records as prisoner number 61727-054.

The 71-year-old Madoff pleaded guilty in March to charges that his investment advisory business was a multibillion-dollar scheme that wiped out thousands of investors and ruined charities.