| AS SEEN ON |
| Going From The Exchange Floor To The Prison Yard? |
| WALL STREET PRISON CONSULTANTS |
| Specializing In Stock And Securities Fraud Federal Sentence Reductions & Survival |
| Voice 888.558.2151 Fax 213.226.4631 |
| © 2009 American Prison Consultants |
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| Larry Levine Prison News Stories |
Bernie Madoff’s big-bucks, Big House survival guide By Lauren Beckham Falcone July 21, 2009 Note to Bernie Madoff: Don’t buy any five-year calendars. His chances of surviving his stint in the Big House are slim, at least according to Larry Levine, founder of Wall Street Prison Consultants. Levine thinks the Ponzi-scheming Madoff, who was sentenced to 150 years, will only serve about two, however, “It’ll take that long for someone to kill him,” Levine said. “He stole billions. He’s leaving in a body bag.” Levine knows a few things about life behind bars - he served 10 years for product trafficking, securities fraud, racketeering, obstruction of justice and machine-gun possession. He is one of a growing number of “prison coaches” who specialize in giving wealthy schemers the skinny on the slammer. Madoff hired penitentiary pro Herbert Hoelter, co-founder of the National Center on Institutions and Alternatives in Baltimore. Hoelter also schooled A-list crooks Martha Stewart and Michael Milkin. And you thought “Don’t drop the soap” was advice enough. Prison coaches, who can charge up to $20,000 per consult, are in increasing demand, thanks to Wall Street wizards with “creative” accounting practices and other financial peccadilloes. “These guys have no idea what they’re getting into,” Levine said. “They’re scared, angry and confused.” Let me get this straight - they can mastermind a billion-dollar scam, but they need to hire a specialist to learn not to annoy “Tiny,” their 300-pound cellmate? Not annoying people is a big part of the curriculum. Along with avoiding eye contact. Many prison specialists have first-hand experience. While a guest of the federal government, Levine bided his time helping inmates with legal work and early-release programs. “The idea popped into my head when I was teaching these guys what they needed to know about prison,” Levine said. “So I wrote up a syllabus and ran focus groups.” Levine got sprung in 2007 and immediately began working the phones, because, well, when you’re under “federally mandated supervision,” business travel isn’t really an option. “I’ve talked to about 5,000 people over the phone,” said the Southern California resident. “And probably retained about 300. Didn’t you see me on ‘Nightline’ the other night?” At $1,499 per course, it’s clear that crime does pay, for some. “As long as the Madoffs of the world keep breaking the law, I’m all set,” Levine said. |
