For the First Time on Television, CNBC Takes a Deep Look at How the Most Hated Money Man in America is Surviving His 150 Year Sentence
ENGLEWOOD CLIFFS, N.J., August 16, 2010— From an Upper East Side Penthouse to an eight-by-eight cell in Butner Prison...CNBC, First in Business Worldwide, takes an inside look at how Bernie Madoff—the mastermind of the biggest ponzi scheme in American history—is adjusting to his life behind bars.
On Wednesday, August 25th at 9PM ET/PT, CNBC presents “American Greed: Madoff Behind Bars,” a one-hour documentary narrated by Stacy Keach. With insight from his angry victims to the cons who served time with him, the program paints a chilling portrait of what life is really like for Bernie Madoff inside Butner’s prison walls.
Once living in the lap of luxury, Madoff now serves his 150-year sentence among the 5,200 inmates who call North Carolina’s Butner Prison home. Among them, some of America’s most notorious criminals including Omar Abdel-Rahman, orchestrator of the first World Trade Center bombing in 1993. Madoff has traded in his Wall Street career to now work in the prison cafeteria handing out food and cleaning up after his fellow inmates. But, for Madoff life at Butner Prison, also known as “Camp Fluffy,” is more like a country club than a hard-core prison featuring top-notch amenities such as indoor and outdoor basketball courts, volleyball courts, six pool tables, a state-of-the-art fitness center, and the place Madoff spends most of his free time—the prison law library.
Much to the outrage of his victims, Madoff has gone from hated con artist to beloved prison inmate. CNBC speaks with current and former inmates who describe Madoff’s rock-star arrival to prison as a once-in-a-lifetime experience. Madoff uses his charm to make connections in the prison’s underground economy and some inmates even seek stock and financial advice from the disgraced financier. But as the program discovers, the shocking truth is that Madoff is living a comfortable life behind bars. Leaving many of his victims asking how the man who swindled billions from investors ends up better off in prison then some of them...
Interview subjects include award-winning CNBC Senior Correspondent Scott Cohn and New York Magazine Writer Steve Fishman.
CNBC’s “American Greed: Madoff Behind Bars” is produced exclusively for CNBC, First in Business Worldwide, by Kurtis Productions.
For more information including web extras and extended video clips, log onto americangreed.cnbc.com.
Mike West is the Executive Producer for Kurtis Productions. Charles Schaeffer is the Executive Producer for CNBC. Ray Borelli is the Vice President of Strategic Research, Scheduling and Long Form Programming.
CNBC’s “American Greed: Madoff Behind Bars” will re-air on Wednesday, August 25th at 10pm, 12am and 1am; Saturday, August 28th at 8pm and 11pm; and Sunday, August 29th at 12am and 3am ET.
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.