We’ll be rid of her soon

By Geert De Lombaerde Posted on November 18, 2009 at 7:29 am

MTSU officials say they began taking formal action on Pam Holder’s employment status “immediately” after the nursing professor was sentenced for her role in a mortgage fraud scheme.

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Tags: banking, colleges and universities, Criminal prosecution, fraud, human resources, Middle Tennessee State University, mortgages, Pamela Gail Holder, Tennessee Board of Regents, white-collar crime  

Ex-MTSU professor sentenced in mortgage fraud scheme

By Geert De Lombaerde Posted on November 17, 2009 at 7:24 am

Pam Holder, a former Tennessee Board of Regents official and professor of nursing at MTSU, has been sentenenced to 366 days in jail for her part in a mortgage fraud scheme that used straw buyers.

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Tags: banking, Criminal prosecution, fraud, Middle Tennessee State University, mortgages, Pamela Gail Holder, Tennessee Board of Regents, white-collar crime  

Off to pokey for 150 yrs.

By Walker Duncan Posted on July 14, 2009 at 1:54 pm

Bernie Madoff has arrived in North Carolina, but not to enjoy the bucolic, mountain scenery.  Instead the disgraced investment advisor has been transferred to the federal prison in Butner, which will be his home for quite some time.

Con man Bernard Madoff arrived at the federal prison in Butner, North Carolina, to begin serving his 150-year sentence for fraud and money laundering, a Federal Bureau of Prisons spokesman said.

The agency yesterday transferred Madoff, 71, from a high- security lockup in Manhattan, where he’s been since his March 12 guilty plea, to the federal penitentiary in Atlanta. Madoff left that facility this morning and arrived at Butner shortly after 11:15 a.m., bureau spokesman Greg Norton said.

Madoff will be assigned today to one of five housing units, where he will live in “dormitory style housing,” Norton said. If healthy enough, he’ll be given a job. Norton declined to say whether Madoff may eventually be transferred to another prison. “This is where he’s been designated to be,” Norton said.

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Tags: Bernard L. Madoff, Criminal prosecution, Ponzi schemes, white-collar crime  

Madoff gets the max

By Walker Duncan Posted on June 29, 2009 at 11:17 am

Convicted Ponzi scheme operator Bernie Madoff was sentenced today in New York to the maximum 150 years in prison for operating his $50+ billion fraud according to various news outlets.

Although reports have said that Madoff’s attorneys were recommending a 12-year sentence, the judge was clearly more swayed by nine victims who told the court of how their lives had been affected by the the scam. One woman from Stamford, Conn. has been forced to rely on food stamps and gathering bottles to recycle.

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Tags: Bernard L. Madoff, Criminal prosecution, Ponzi schemes, white-collar crime