Posted on 01/14/2017 11:26:32 PM PST by nickcarraway
Ponzi king Bernie Madoff is seeking new business ventures behind bars — in the hot chocolate market.
Madoff , 78, has bought up all Swiss Miss packets from the commissary at the Butner federal correction complex in North Carolina, and is reselling them for a profit, according to a report.
“Bernie really was a successful businessman with quite original insights into the market, and he’s continued applying his business instincts in prison,” journalist Steve Fishman told MarketWatch after interviewing Madoff at length for his new podcast “Ponzi Supernova.” “He made it so that if you wanted any, you had to go through Bernie.”
(Excerpt) Read more at nypost.com ...
The first few guys got 100 shares of Swiss Miss. The rest of the prison yard thinks they are getting hot chocolate next week.
Anyone really expect any less from him?
Madoff needs to have his skull bashed in. He’s in a real convenient place for that to happen too.
Perhaps he’ll get shanked for his stash of Swiss Miss...what a way to go!
He’s being allowed to do this. We’ll see how long it lasts after inmates begin fighting over getting it. Anything can take on an undue level of importance if their is an intrinsic value placed on it. The same thing could happen with blue raspberry chewing gum or lime kool-aid if ‘sold’ in the right way.
He should not be allowed to create a monopoly. Someone isn’t taking this seriously. They see a white haired, bi-focal wearing old man, and probably think it’s cute and nifty that he’d found a hobby that makes him feel important.
He probably does know how to manage money legitimately, but chose not to.
One of my patient’s at the mental hospital would get cases of coke via a relative. He would sell the comes for less than the vending machines. Other patients were happy & he made a profit.
The hospital got a cut of vending machine sales, so they weren’t happy, and closed my patient’s coke business down.
This is not the place to implement a new shortage for hot chocolate!
I’m not going for the bait this time.
He’d better be careful with his new operation. He could wind up dead.
You need to get the big guys early.
Pyramids are just that.
What does he sell it for? Prisoners are not allowed to have money.
They can have credit "on the books" at the commissary, but the only money transactions allowed are inside the commissary, and there is no physical money. Credit is subtracted from his account when he buys something.
Now there is doubtless a barter system among the prisoners, but even if he corners the market on hot chocolate he is only going to be able to trade maybe 2 packs of instant coffee for one Swiss Miss.
Plus, even if he has enough credit on the books the commissary is not going to let him buy all of the remaining hot chocolate.
Hot chocolate coming out my nose. Thanks for that.
Oh okay I thought hot chocolate was a code term for some sort of sexual thing. Whew.
Hard to believe Bernie doesn’t have millions stashed away on the outside. Why would he bother with cocoa? Just have a friend on the outside send a little money every now and then to his prison “bank account,” or whatever they call it.
He is smart enough to give for free to the toughest dudes there to protect him ;)
WIKIPEDIA:
On March 18, 2010, the The Wall Street Journal reported that Bernard Madoff, the New York financier serving a 150-year sentence at FCI Butner for running a Ponzi scheme that cost investors billions of dollars, was assaulted by another inmate in December 2009. Citing three sources, a current inmate, a former inmate, and a prison employee, the Journal reported that the assailant was an inmate serving time for a drug conviction who believed that Madoff owed him money. The current inmate reported that Madoff suffered a broken nose, fractured ribs and cuts to his head and face. In response to the report, Federal Bureau of Prisons spokeswoman Denise Simmons said, “We have no knowledge or information to confirm he was assaulted.”[2]
https://en.wikipedia.org/wiki/Federal_Correctional_Complex,_Butner
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