When is madoff eligible for parole

The BOP said in its denial letter on Dec. The First Step Act, which Congress passed in , gives federal judges the power to release prison inmates on health grounds. The U. Attorney's Office for the Southern District of New York declined to comment on his request for early release.

So did the Madoff Trustee, who is responsible for recovering funds for victims of his scheme. The compassionate release statute is precisely for situations like Mr. Madoff has been punished significantly for his crimes. He has been in prison for over 10 years and holds deep remorse for his conduct," Sample said. Madoff's request comes nearly seven months after he asked President Donald Trump to reduce his sentence by granting him executive clemency.

On Sunday, former WorldCom CEO Bernard Ebbers died, less than two months after he was released on compassionate grounds in December from federal prison in Texas, where Ebbers had been serving a year sentence for overseeing one of the largest accounting frauds in U.

Madoff's petition Wednesday cited Ebbers' release, which came at the order of a judge in the same New York federal district where Madoff was convicted. Sample said in the filling that a prison term that was "just and proportionate at the time of sentencing may become disproportionately severe based on changed circumstances, such as terminal illness.

Sample also wrote that releasing Madoff "would allow him to receive end-of-life care in the community, which would be more efficient, timely, and less burdensome on the" prison system. Correction: This story has been updated to correct a single misspelling of Madoff's name. Skip Navigation. Key Points. Bernie Madoff, the notorious Ponzi schemer, says that he is dying from kidney disease, and is seeking an early release from prison.

Madoff currently is serving a year prison sentence in a North Carolina federal facility. He would live with a friend if released. He asked President Donald Trump last year to reduce his sentence for swindling thousands of investors out of billions of dollars. Attorney's Office for the Southern District of New York asked a judge to set a March 4 deadline for them to submit a response to Madoff's request.

VIDEO Peter Chavkin, a lawyer for Madoff's wife, Ruth Madoff, declined to comment. The couple's two sons, Mark and Andrew, both died during Madoff's time in prison. Madoff Investment Securities LLC, to swindle thousands of individuals, charities, pension funds and hedge funds , including many with ties to the Jewish community.

Madoff was arrested in December after admitting his fraud to his sons, and pleaded guilty to 11 criminal counts. About of the victims who wrote to Chin opposed early release, and the judge said Madoff has appeared in public comments to blame them. Madoff sought release under the First Step Act, a law affording early freedom to some older prisoners, often for health reasons. This article is more than 1 year old.

Bernie Madoff, pictured in in prison uniform. A judge has denied him compassionate release from his year prison sentence. Photograph: Handout.