Since the $50 billion Ponzi schemer Bernie Madoff has been sentenced to 150 years of jail time, he certainly has a lot of time on his hands. In a recent interview with the Financial Times, Madoff shared with them what his life is like now. Antidepressants help to keep him going, and he manages the prison store, which he calls the “money management department." More surprisingly, Madoff admitted to reading romance novels. The FT says:
“I spend most of my time in my room, reading,” he adds. “And — this is my secret — Danielle Steel.” We all laugh. “Yes, Danielle Steel.”
For the first time during the two hours Madoff looks truly embarrassed, even ashamed. Perhaps escape into fantasy – even of the trashy, romantic variety – is simply the most logical outcome for a man in his position.
Also on his to-do list: business schools have asked him to teach a course on ethics, and among his top picks are Harvard and Northwestern. What do you think of Madoff's life after crime — does it sound like the punishment is too harsh or does he deserve worse?