Famous Inmates

This section has a very wide variety of famous people that found themselves in a prison or jail. This list of inmates have somehow gained fame or infamy either from their highly publicized criminal case or that their life was in the public eye. These accounts come from published reports found in newspapers, magazines or website entries like Wikipedia and many others. We have business titans, athletes, movie stars, politicians, mobsters and more. We add names to this database every day..

loader

James Alderdice Begins Serving 10-year Term June 3, 1985  -  United Press International   TALLAHASSEE — A former officer of the defunct International Gold Bullion Exchange reports to a federal prison today to begin serving a 10-year term for defrauding 25,000 people of at least $75 million. James Alderdice, 28, pleaded guilty to two counts of an 18-count indictment alleging that he and his late brother, William, bilked investors through their precious metals firm, then believed to be the world`s largest. The indictment, handed up in August 1983, alleged conspiracy, wire fraud and mail fraud. William Alderdice, 40, was stabbed to death last July by a man the brothers befriended in jail. James Alderdice is scheduled to report today to the medium-security Federal Correctional Institution in Tallahassee to begin serving his sentence, a spokeswoman for the U.S. Marshals Service in Miami said. She said it was not known what time Alderdice would arrive at the prison. U.S. District Judge James C. Paine in West Palm Beach sentenced Alderdice April 12 to the maximum 10-year term, saying the ``enormity of the fraud is outrageous.`` Paine was unmoved by Alderdice`s claim that he was sorry for the way things turned out and wished he ``had $7 million or $10 million because I would give every penny of it to creditors.`` Paine said fraudulent schemes are more serious than bad business deals. ``You knew it would lead to losses to creditors,`` the judge said while also ordering Alderdice to repay $227,658 to creditors. Paine`s federal court sentence supersedes two lesser prison terms Alderdice received in state courts in New York and Florida. Those prison terms will run concurrently with the federal sentence. Alderdice`s lawyer, Thomas Scalfani, has said he would seek a reduction of the sentence in the coming months. Failure to win a reduction probably would mean Alderdice will serve from 52 to 64 months in prison. Alderdice was sentenced on April 10 in White Plains, N.Y., to five years in prison after pleading guilty to two counts of grand larceny and two counts of security fraud. Two days earlier, a state judge in Fort Lauderdale sentenced him to six years in prison and ordered him to repay $2.3 million to the company`s investors. Alderdice and his brother founded and served as officers of the Fort Lauderdale-based International Gold Bullion Exchange. Court records showed the firm systematically defrauded as many as 25,000 people nationwide of at least $75 million over a four-year period. Authorities alleged that the International Gold Bullion Exchange accepted up to $200 million from investors across the United States from 1979 to 1983, but failed to deliver all the gold it sold. State authorities said the scheme bilked more than $25 million from Florida investors alone, with the total reaching or surpassing $75 million across the nation. The company was closed down by a Fort Lauderdale judge in April 1983 and filed for bankruptcy that same month. James Alderdice has been free since his sentencing by Paine. http://articles.sun-sentinel.com/1985-06-03/news/8501220086_1_james-alderdice-prison-terms-federal-prison-today  

James Alderdice - Gold Bullion Fraud Gets 10-year Federal Prison Term April 13, 1985 By Kathleen Pellegrino, Staff Writer   James Alderdice was sentenced Friday to 10 years in federal prison, the last and most severe penalty he has received for his role in the $75 million collapse of the International Gold Bullion Exchange. ``The enormity of the fraud really can only be described as outrageous. It is impossible for me to consider anything but the maximum,`` said U.S. District Judge James Paine, who also imposed an $11,000 fine and ordered Alderdice to make $227,000 in restitution. The sentence stunned Alderdice, who immediately turned to his attorney and whispered through gritted teeth. His two sisters and mother sobbed loudly. ``No! No!`` his sister Dana shouted as she jumped from her seat. Defense attorney Thomas Sclafani said he, too, did not expect Paine to impose the maximum allowed by a plea-bargain agreement Alderdice made March 7. ``We`re obviously very unhappy,`` Sclafani said in a hallway outside the West Palm Beach courtroom, where the Alderdice family huddled and wept. ``His sentence is way of line from the others.`` In New York on Monday, Alderdice was sentenced to five years. In Broward Circuit Court on Wednesday, he was sentenced to six years. Judges in both cases agreed that the sentences could be served in federal prison at the same time Alderdice served his sentence in the federal case. Alderdice pleaded guilty March 7 to two federal charges of mail fraud. He will probably spend between 52 and 64 months in prison before he is eligible for parole, Sclafani said. Paine recommended a minimum security prison and allowed Alderdice to remain free until he is ordered to report to prison by the U.S. Marshals Service. At Friday`s sentencing, Alderdice, 28, told Paine he was sorry for the losses left by the company, formed by Alderdice and his brother, William, 40. ``I am extremely sorry that I did not exert a firmer hand on my brother,`` Alderdice said. ``I only wish I had $8 (million) or $10 million. I would give every penny to the creditors.`` By most accounts, Sclafani told Paine, the elder Alderdice ``called the shots`` and made all the business decisions. William Alderdice, while awaiting trial on the charges, was killed by an ex-convict he and his brother had befriended. Sclafani reminisced for Paine about the early days of the company, when it moved into a modern downtown Fort Lauderdale office building and William Alderdice accepted keys to the city and county from government officials. ``The reason for the extension of that honor was because the International Gold Bullion Exchange had become an overnight success story,`` Sclafani said. William Alderdice boasted that someday the firm would be the largest precious metals dealership in the world. Sclafani compared the collapse, which left 23,000 creditors with losses, to the downfall of any major corporation or bank. ``I find that somewhat intriguing,`` prosecutor Elizabeth Jenkins said. ``I have never heard of major corporations having gold-painted blocks in their vaults.`` When IGBE closed its doors at One Corporate Plaza in April 1983, wooden blocks painted gold were found in a vault that was supposed to be stocked with precious metals. ``There was a substantial fraud. There were numerous victims deprived of their life savings,`` said Jenkins. ``We believe (Alderdice) should be punished accordingly.`` The investors are fighting for their money in bankruptcy court in Miami. The trustee for the bankruptcy and Alderdice`s attorneys have said that the only chance for reimbursement or restitution is if a gold mine the company still owns in Alaska can be activated. As the Alderdice family was preparing to leave the courthouse Friday, Dana Alderdice paused between sobs, looked skyward and said with a moan, ``Bill, how did you let this happen?`` http://articles.sun-sentinel.com/1985-04-13/news/8501140217_1_james-alderdice-william-alderdice-sentence