Just like the old E.F. Hutton commercials, Bernie is the man when it comes time to discuss your portfolio and you want to impress your fellow cons with how great your adviser is.
Mr. Madoff spends free time in the prison library on the weekends and often watches movies, including "Lethal Weapon," according to the former inmate. He said he chatted with the admitted Ponzi schemer on Saturdays in the library and asked for financial advice: "He gave me ideas on my index funds."
Mr. Madoff advised him to diversify, saying he should invest in funds that track the S&P 500 index of stocks "where my money would be on all the stocks instead of putting my eggs into one basket," the former inmate said.
He said Mr. Madoff also warned him off of day trading. "I was trying to get into day trading and he's like, 'That's not for you. That's for individuals like me with millions to spare,' " he said.
Don't you love it? Bernie Madoff passing out investment advice to his fellow cons. And millions to spare? Is he speaking past-tense or does the Bernster have some off-shore accounts that are undiscovered?
Bernie is hanging out with some real class crooks as well, among his regular friends and/or dining companions are these two fine gentlemen: News from DEA, Domestic Field Divisions, New York City News Releases, 10/26/06
and Carmine Persico - Wikipedia, the free encyclopedia
And Bernie is a model con - according to the rules of cons - he ain't snitching on nobody
tuned him up a while ago. "Go screw! I fell in the yard! Besides, I ain't no rat!"
The Bureau of Prisons said it investigated the incident, a process that included an interview with Mr. Madoff.
"In December he told staff he was not assaulted, and an investigation was completed following his statements, which corroborated his statements," said Traci Billingsley, a Bureau of Prisons spokeswoman. "Not one inmate has told staff he was assaulted."
Denise Simmons, a spokeswoman at the Butner prison, said, "We have no knowledge or information to confirm he was assaulted."
Yep, Bernie's learning the rules - looks like he aced the class titled: "Snitches Sleep in Ditches".
Full article here at WSJ: Madoff Was Beaten in Prison - WSJ.com