GO
Loading...

Madoff in Prison Yard Tussle over Stock Market

Bernard Madoff got into a fight in the prison yard with another inmate over the stock market – and won, the New York Post reported, quoting eyewitnesses.

The 71 year-old Ponzi schemer, who is serving 150 years at the Butner, NC federal prison, got into a heated argument about the state of the market with another inmate in his 60s, inmates told the New York Post.

The two were in a shouting match that got so heated the inmate pushed Madoff, who shoved back with both hands and made his attacker stagger. Madoff was hovering over his attacker red-faced and glaring, eyewitnesses told the paper.

Federal Bureau of Prison Butner, NC
Federal Bureau of Prison Butner, NC

"I didn't think Bernie had it in him. He got the best of him; he was really aggressive, and the other guy was in shock that he fought back," an inmate told the New York Post.

The fight happened near a ball field in front of about 20 inmates during a rare time when prison guards weren't watching. An inmate said the two were lucky they weren't seen by guards as they would have been sent to solitary confinement.

The two were seen the next day talking, the paper said.

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More*

Europe Video

  • Eamonn Butler, director of the Adam Smith Institute, says that despite recent scandals, most bankers should keep their bonuses and politicians shouldn't get involved with running banks.

  • Daragh McDowell, senior russia analyst at Maplecroft, says there's "very little" room for the Russian economy to improve when it is still under sanctions from the West.

  • Cyrus Mewawalla, managing director at CM Research, thinks Apple's latest move to include music-streaming service Beats on all iPhones is a good move as it will surpass iTunes "old-fashioned" downloading service.