Madoff's New Home: Much Smaller

By Newser Editors and Wire Services
Posted Mar 12, 2009 7:24 PM CDT
Madoff's New Home: Much Smaller
Judith Welling, a Manhattan resident who lost money investing with Bernard Madoff, talks to the media outside the courthouse Thursday, March 12, 2009 in New York.   (AP Photo/Henny Ray Abrams)

Bernie Madoff's new Manhattan home is the size of a walk-in closet, with cinderblock walls, linoleum floors, and a bunk bed. Breakfast will be served before sunrise, and the disgraced financier can stretch his legs outside, but only every other day—in a cage. The Metropolitan Correctional Center took in the 70-year-old Madoff today after he pleaded guilty to running his massive Ponzi scheme. He'll be sentenced in June.

When inmates first arrive at the jail, they are given physical and psychological exams and instructed on the rules. If cleared to enter the general population, they are issued a baggy brown uniform and assigned to cells measuring 7 1/2-by-8 feet, each fitted with a sink and toilet. Current inmates include former Florida hedge fund manager Arthur Nadel, who is accused of bilking investors out of up to $350 million. (More Bernard Madoff stories.)

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