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Jailed Ponzi King Madoff shares cell with drug peddlar, socialises with ex-crime boss |
Jailed Ponzi King Bernard Madoff shares a jail cell with a 21-year-old
drug dealer and socialises with a former crime boss and an Israeli spy, according
to a legal action filed yesterday in New York. Attorneys who interviewed Madoff
in jail in July used information obtained from the fraudster to file a string
of claims against major banks and accountancy firms, in an action that also throws
light on the convicted fraudster's life behind bars, reports The Times. The 272-page
complaint was lodged with the New York Supreme Court by Californian law firm Cotchett,
Pitre and McCarthy. Madoff was sentenced in June to 150 years in prison for running
a 20-year Ponzi scheme from his Manhattan fund management business. In July Joseph
Cotchett, a partner of the firm, became the first lawyer for victims of the scam
to interview the 71-year-old about his crimes, when he visited Madoff at the Federal
Butner Correctional Complex in Raleigh, North Carolina. Yesterday's claims were
based in part on information obtained during the interview, the legal firm said.
The document goes on to describe how Madoff's recreation "consists of walking
around the prison track at night". "He now spends time with former Colombo crime
family boss Carmine Persico and Jonathan Pollard, who was convicted of spying
for Israel," the complaint said. "Most of his fellow inmates are in prison for
drug crimes or sex crimes and Madoff will spend the rest of his life in prison
with them," it added. The legal action was brought on behalf of Jay Wexler, a
New York resident who invested in Rye Select Broad Market Prime Fund, a fund managed
by Tremont Group, the hedge fund business of Massachusetts Mutual Life Insurance. |
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