Jailed author of the biggest Ponzi scheme in U.S. history is on his way to the prison where he will serve his 150-year jail sentence a U.S., a prison official said.
He is in transit to another facility, said Scott Sussman, a spokesman for the Manhattan Correctional Center next door to the courthouse where Madoff confessed to his crimes in front of defrauded investors, Reuters reported.
Madoff, 71, was sentenced on June 29 for orchestrating a $65 billion worldwide fraud.
Madoff's lawyer had asked that his client be incarcerated at the Federal Correctional Institution in Otisville, New York, a medium-security prison about 70 miles northwest of New York City. The prisons bureau will decide where the self-confessed fraudster will spend the rest of his life.
Madoff pleaded guilty to 11 counts and got the maximum sentence on each. He received 20 years for two counts of international money laundering, as well as for single counts of securities fraud, mail fraud, wire fraud, and making a false statement to the Securities and Exchange Commission.