Convicted swindler Bernie Madoff will serve his sentence at Butner Federal Correctional Complex. The “Bernie Madoff Prison” is outside of Raleigh, North Carolina. The Butner complex has two medium security prisons, a medical facility, as well as a minimum security prison camp.

Bernard Madoff 1





Bernie Madoff Mugshot


The Butner facility is approximately eight hours from New York City. Judge Denny Chin who sentenced Madoff seemed to indicate that he would serve his sentence in the Northeast, but the Department of Prisons made the assignment to Butner.

Butner is home to quite the collection of white collar criminals. It’s almost like a who’s who of fraudsters and scam artists. According to the Wall Street Journal:

Inmates at Butner include Adelphia Communications founder John Rigas and his son Timothy, both found guilty in 2004 of securities fraud. The Rigases are being held in the low-security prison, according to the Federal Bureau of Prisons. John Rigas, 84, is scheduled to be released in 2018, and Timothy Rigas, 53, in 2022.

Former Rite Aid Corp. Vice Chairman Franklin C. Brown is serving his 10-year sentence in a medium-security facility at Butner. Mr. Madoff also could be imprisoned with Al Parish, a former economist at Charleston Southern University who pleaded guilty in 2007 to running what prosecutors alleged was a Ponzi scheme that defrauded investors of $66 million. Jonathan Pollard, a former Navy officer, entered a plea deal in 1987 after admitting to spying for Israel. He was eventually transferred to Butner’s medium-security facility. He is eligible for release in 2015.

That looks like quite the list. I wonder how the prison hierarchy works for white collar criminals. The video below from Anderson Cooper is an interview with a former federal inmate who has started a “prison consulting” business for Wall Street types who are about to enter prison. The guy is pretty strange and I don’t know how seriously you should take this guy, but if nothing else the clip provides some cheap entertainment.

Butner has a reputation for a high quality medical center in addition to the prisons. If you check out the pictures of the facility from the Bureau of Prisons it looks pretty nice, for a prison. It’s not some place I would vacation, but it’s not Alcatraz either.

Life Inside Butner Federal Correctional Complex

In short the Butner Federal Correctional Complex isn’t the worst place in the world to serve a prison sentence. No matter how nice the Bernie Madoff prison is he is still going to be there for the rest of his life. Hopefully the sale of his former assets will give his victims back a portion of what he stole from them. I’m sure this isn’t the life that Madoff envisioned when he started stealing money through his scheme.