Sunday, January 15, 2017

Bernie Madoff manipulated the market for hot cocoa mix at his prison...

Even behind bars, Bernie Madoff is still the master of monopolizing people’s money. The business he ran from prison, however, is vastly more legit than the multibillion-dollar con that landed him a 150-year sentence.

According to Steve Fishman, the host of Ponzi Supernova, a new Audible audio series focused on the disgraced former money manager, Madoff found much success steering his talents to the prison supply of Swiss Miss.

“At one point, he cornered the hot chocolate market,” Fishman told MarketWatch. “He bought up every package of Swiss Miss from the commissary and sold it for a profit in the prison yard. … He made it so that, if you wanted any, you had to go through Bernie.”

It seems Madoff’s Swiss Miss-hoarding hasn’t hurt his standing with the other inmates of Butner Prison, the North Carolina correction facility famed for its cushy digs. Full story...

Related posts:
  1. Bernard Madoff's elder son dead in suicide...
  2. Bernie Madoff's personal possessions go under the hammer...
  3. Bernard Madoff sentenced to 150 years jail term...
  4. Bernard made-off with billions...
  5. Ripples of Madoff scandal spread everywhere...
  6. The Federal Reserve is a Ponzi scheme, a fraud... 

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