By Joel Malkin
Apr 14, 2021
There are reports that former Palm Beacher and Ponzi schemer Bernie Madoff has died at the age of 82.
The Associated Press cites a person familiar with the matter as saying that Madoff passed away this morning in a North Carolina federal prison.
After his 2008 arrest on charges of securities fraud, Madoff pleaded guilty to orchestrating the largest Ponzi scheme in history. He admitted to bilking thousands of investors out of billions of dollars over decades.
Over $13 billion has been recovered for his victims.
Madoff's attorneys tried unsuccessfully to get him out of prison last year, citing the COVID-19 pandemic and chronic medical conditions.