Madoff on Move to Federal Prison in N.C.

generic Bernie Madoff jail prison bars cell sentence CBS/iStockphoto

Convicted swindler Bernard Madoff was taken from a correctional facility in downtown Manhattan Monday and is headed to his eventual destination - a federal medium security prison in Butner, North Carolina about 25 miles outside Raleigh - a federal law enforcement official confirmed to CBS News. As of July 9, the complex holds 4874 inmates.

Madoff was sentenced last month to 150 years in prison after previously pleading guilty to a fraud that unraveled last December when Madoff confessed to his sons that nearly $65 billion he promised investors was safe was actually only worth a few hundred million dollars.

He left his 7 1/2 by 8 foot jail cell at the Metropolitan Correctional Center in Manhattan Monday morning and was taken to an undisclosed location where he will await transport to North Carolina. In selecting Butner, the Bureau of Prisons rejected Madoff's lawyer's request that he be sent to Ottisville, N.Y - a location desired for its proximity to New York City.

Madoff's lawyers said last week that the former Wall Street heavyweight would not appeal the sentence.

At his sentencing, Madoff apologized to thousands of victims, describing his epic fraud as a "problem," "an error of judgment" and "a tragic mistake."



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