Welcome, prisoner no. 61727-054. Ponzi-schemer Bernard Madoff reached the federal prison in Butner, North Carolina Tuesday, his home for the foreseeable future. The 71-year-old, sentenced to 150 years, has a projected release date of November 14, 2139, pending good behavior. The prison is known for its hospitable facility. The Butner Federal Correctional Complex is located about 45 miles northwest of Raleigh. Others serving time there include Adelphia Communications founder John Rigas and his son Timothy, both convicted of securities fraud.