Here's How Notorious Ponzi Schemer Bernie Madoff Just Cornered the Market on Prison Hot Chocolate

Doing time hasn't scorched his ambition.

If watching TV prison dramas has taught us anything, it’s that commissary snacks often have premium value on the inside.

Bernie Madoff, once a chairman of NASDAQ, made headlines after he was convicted several years ago for masterminding a Ponzi scheme that lasted decades. As you might recall, Madoff conned investors out of billions of dollars and is now serving a lifetime prison sentence at a federal facility in North Carolina.

You can’t teach an old dog new tricks though, and in a story that sounds ripped from one of those cable prison dramas, Madoff used his business, um, acumen to conquer the prison hot cocoa market, as detailed in a new Audible series called Ponzi Supernova.

“He cornered the hot chocolate market,” Steve Fishman, a journalist who has spoken with Madoff during his time in prison, told MarketWatch. “He bought up every package of Swiss Miss from the commissary and sold it for a profit in the prison yard. He monopolized hot chocolate! He made it so that, if you wanted any, you had to go through Bernie."

We'll never look at those microscopic marshmallows the same way again. Meanwhile, for more on what Madoff has been up to behind bars, the Audible series about him debuted its first four episodes last week, with the final too coming soon.

(Via Marketwatch)

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