Tags: Bernie Madoff | Hot Chocolate | Prison

How Ponzi-Pusher Bernie Madoff Became King of Hot Chocolate in Prison

Image: How Ponzi-Pusher Bernie Madoff Became King of Hot Chocolate in Prison

Bernard L. Madoff leaves U.S. Federal Court after a hearing regarding his bail on January 14, 2009 in New York. (Photo credit Timothy A. Clary/AFP/Getty Images)

By    |   Friday, 13 Jan 2017 01:00 PM

Super-swindler Bernie Madoff reportedly swapped pushing Ponzi schemes on rich investors to selling hot-chocolate to fellow inmates.

The notorious wheeler-dealer even ended up cornering the market in hot chocolate at North Carolina's Federal Correctional Institution Butner Medium where he's serving a 150-year prison sentence, says Steve Fishman, host of the new Audible audio series called "Ponzi Supernova."

"At one point, he cornered the hot chocolate market. He bought up every package of Swiss Miss from the commissary and sold it for a profit in the prison yard, Fishman told Marketwatch.

"He monopolized hot chocolate! He made it so that, if you wanted any, you had to go through Bernie."

The 78-year-old conman, who ran a nearly $65 billion Ponzi scheme and pleaded guilty to 11 federal felonies in 2009.

With time off for good behavior, Madoff would first be eligible for parole in 2139 — meaning he'd have to live to be 201 in order to be a free man again.

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
US
Super-swindler Bernie Madoff reportedly swapped pushing Ponzi schemes on rich investors to selling hot chocolate to fellow inmates.
Bernie Madoff, Hot Chocolate, Prison
160
2017-00-13
Friday, 13 Jan 2017 01:00 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved