He died Wednesday, according to an emailed statement from Brandon Sample, Madoff’s attorney. No cause was given. Madoff’s home since July 2009 was the Butner Federal Correctional Complex in Butner, North Carolina, where he was serving a 150-year term. He requested compassionate early release, citing end-stage kidney disease, in February 2020.
Up until his death, Madoff “lived with guilt and remorse for his crimes,” Sample said. “Although the crimes Bernie was convicted of have come to define who he was -he was also a father and a husband. He was soft spoken and an intellectual. Bernie was by no means perfect. But no man is.”
For years, Bernie Madoff was regarded as an investment sage.
Bernard L. Madoff, who died April 14 at 82, was the mastermind of perhaps the largest Ponzi scheme in history, a reviled symbol of Wall Street greed and, once, one of the most sought-after stockbrokers in high finance.
For years, Bernie Madoff was regarded as an investment sage. He had clients, homes and boats strewn about exclusive enclaves around the world. Leveraging the clout he had amassed as a legitimate trader, he lured - and eventually fleeced - thousands of investors who entrusted to him their retirement savings, their children s college funds and their financial security.
Here’s When the Bull Market Ends
The good news: this bull market will run for months and months.
The bad news: stock gains will be lean. The lion has already taken his bites.
This is the studied conclusion of crack financial journalist Mark Hulbert. He has ransacked market history and interrogated the data.
Stock market rhythms stretching to 1900 inform him that:
This bull market’s strongest gains are behind us. That’s the conclusion I reached upon analyzing all U.S. bull markets since 1900. The good news is that, assuming the future is like the past, the current bull market still has more months of life in store. The bad news is that the stock market’s gains during those months are likely to be far more modest than what we’ve gotten used to over the last 12 months.
Mastermind of giant Ponzi scheme dies at 82 winnipegfreepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from winnipegfreepress.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
April 15, 2021 | 7:06 pm
Bernard Madoff is escorted in a vehicle from Federal Court in New York Jan. 5, 2009. REUTERS
NEW YORK Bernard Madoff, who for decades masqueraded as a successful and trustworthy Wall Street kingpin before admitting to running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence. He was 82.
A spokeswoman for the Federal Bureau of Prisons said Mr. Madoff died at the Federal Medical Center in Butner, North Carolina, about 3:30 a.m. EDT (0730 GMT).
His death was believed to be from natural causes. Mr. Madoff had suffered from terminal kidney disease and several other medical ailments.