Bernie Madoff bilked investors out of 50 billion dollars. He received a maximum 150 year sentence for his crime. CNBC's American Greed reveals Madoff''s comfortable lifestyle in a resort type prison tonight Sunday Aug 29.

Butner Prison where Madoff is incarcerated. CNBC's American Greed reveals Madoff''s comfortable lifestyle in this resort type prison tonight Sunday Aug 29.

Video Beat EXTRA - BERNIE MADOFF BEHIND BARS ON AN AMERICAN GREED SPECIAL

James Loving - National Radio Text Service

Bernie Madoff cheated investors out of 50 billion dollars. He received a maximum 150 year sentence for his crime. CNBC's American Greed reveals Madoff''s comfortable lifestyle in a resort type prison tonight Sunday August 29. - AMAZING RACE ASIA & America's Next Top Model's NEW SEASONS BEGIN - LOCKED UP ABROAD - Recommended TV Listings

Sunday August 29, 2010

BERNIE MADOFF'S LIFE IN PRISON

Bernard Lawrence "Bernie" Madoff is an incarcerated former American stock broker, investment adviser, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history.

On March 2009, Madoff pleaded guilty to 11 federal crimes and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the 1980s, and that the investment operation may never have been legitimate.

The amount missing from client accounts, including fabricated gains, was almost $65 billion. The court-appointed trustee estimated actual losses to investors of $18 billion. On June 29, 2009, he was sentenced to 150 years in prison, the maximum allowed.

American Greed shows the first year behind bars in the resort type prison at the Butner Federal Correctional Institution near Butner, North Carolina, about 45 miles (72 km) northwest of Raleigh.

On the program American Greed interviews a former prisoner at Butner who fraternized with Madoff. Another prisoner who wasn't identified also gave some insight to Madoff's activities and behavior behind bars as well as some of his victims one a lawyer who lost $5 million, a married couple who lost $1.6 million and a lady who lost over a quarter of a million dollars. FBI profiler Gregg McCrarey contributed his insight to Madoff's behavior.

Though Madoff wasn't interviewed this is a strong show in revealing the easy life he has in a prison that inmates have indoor and outdoor basketball courts, volleyball courts, state of the art fitness center, pool tables, enjoy barbecues with chicken and ribs and desert and have many other recreational facilities that other prisons lack. The programs narrator actor Stacey Keach also noted that the inmates also enjoy treats such as popcorn and cotton candy.

The facility also has a music room with instruments as well as a prison band who perform for the inmates on the July 4th holiday. The prison was designed to house inmates from other prisons could be transferred to if they had good behavior. The prison has dorms named after universities in the Atlantic Coast Conference giving it a college campus atmosphere giving it the nickname of Camp Fluffy..

The now 72-year-old inmate was perceived as a celebrity when he arrived in a bus with helicopters flying over as well as a huge media presence. As one convict said it was as if the mayor or the president was coming. But there were times when things went sour as Madoff was involved in confrontations with other prisoners regarding owing money. The piece noted that prison guards catered to the famous con man giving him preferential treatment.

Madoff also was believed to have had a physical confrontation with another inmate which caused him to be hospitalized. News reported described Madoff's injuries as more serious and including "facial fractures, broken ribs, and a collapsed lung." The Federal Bureau of Prisons said Madoff signed an affidavit on December 24, 2009, which says he was not assaulted and that he went to the hospital for hypertension. American Greed gave two sides to that story with one being a prisoner said that he had too much medication and blacked out and fell into a water fountain.

This is a must watch show. Check our program listings below or your local listings in your area for the schedule.

AMAZING RACE ASIA & America's Next Top Model's NEW SEASONS BEGIN

They're back.... that being Amazing Race Asia for their fourth season and America's Next Top Model. Top Model Cycle 14 will air its initial telecast Wednesday September 1 at 7 PM Thailand/Cambodia time and 8 PM Hong Kong/Singapore. Amazing Race Asia # 4 will commence Thursday night September 2 at 8 PM Thailand/Cambodia and 9 PM Hong Kong/Singapore.

LOCKED UP ABROAD

Locked Up Abroad seems to be an interesting subject with our readers as it took the top two spots in our current NR TOP 10 ratings. After two weeks of airing nightly previous telecasts it disappeared but IT'S ON AGAIN!!!

Saturday at 10 PM on the National Geographic Channel is the most recent scheduling. Last night they aired a show where a girl tricked a friend (?) to travel with her to Peru while without his knowledge was her way of having a cover while she was trafficking cocaine.

They got off the ground but in a change of flight in Lima she was discovered and he took the hit with her. In her explanation about the experience she had a very indignant, smug uncaring manner about her as if she were above her crime. She went to a nice prison for women and he to a filthy run down old prison for men. He is a nerdy meek person so he had a tougher time of it.

She finally confessed to the police that he knew nothing about the cocaine and was innocent after he served 10 months in jail. He was released but his passport was taken from him therefore he couldn't leave the country as the prosecution wants to have the case reviewed. He remains in limbo in Peru and she remains in a resort type (for Peru) prison.

National Radio text is published in five languages, English, Thai, French, Russian and Khmer (Cambodian language). Any of our foreign language material and our Roman Wanderaugh columns is legally available ONLY on our National Radio site. Our sports, entertainment and feature programming has been broadcast on over 1000 radio stations.

TV SCHEDULE

Note: The shows listed are for the Cambodia/Thailand time zone. Check our chart or your local listings for time in your area.

NOTE TIMES OF THE SAME TELECAST IN VARIOUS COUNTRIES

5:30 PM - AMERICAN IDOL - SEASONS 8 & 9 - Star World

8:00 PM - TRUE BLOOD - HBO

9:30 PM - AMERICAN IDOL - SEASONS 8 & 9 - Star World

2:00 AM - AMERICAN GREED - CNBC

© Copyright: National Radio. Any use of these materials, whole or in part, is prohibited unless authorized in writing by National Radio. Contact: nationalradio@yahoo.com All rights reserved.