Madoff: Prison Is Like Camp

Bernie Madoff, the man behind the largest Ponzi scheme in U.S. history, is apparently in a big-league version of summer camp. That’s what he says, anyway, in an interview with the Wall Street Journal, published on Sunday. Calling the federal prison at Butner, North Carolina, “as good as it gets,” Madoff said the facility is “very laid-back” and kind of like “camp.” But it’s apparently not a camp with repentance, since Madoff said his investors (many of whom lost millions) were “sophisticated people” who “should have known better.” “People asked me all the time, how I did it. And I refused to tell them, and they still invested,” he said. “Thinks should make sense to you. You should ask good questions.” Madoff also slammed the Securities and Exchange Commission, saying “if they checked on me, I would have been found out.”