To Infinity and Beyond: Get Ready for the First Israeli Space Tech Venture Capital algemeiner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from algemeiner.com Daily Mail and Mail on Sunday newspapers.
âAn Evil Man Diedâ: Victimsâ Animosity Toward Madoff Outlives Him
For many of the victims of Bernard L. Madoffâs massive Ponzi scheme, his death on Wednesday did not assuage their bitterness.
Burt Ross, left, a victim of Bernie Madoff, spoke outside the federal courthouse in Manhattan where Mr. Madoff was sentenced in 2009. Mr. Ross said he lost millions in Mr. Madoffâs scheme.Credit.James Estrin/The New York Times
April 14, 2021Updated 8:44 p.m. ET
There were no obvious public signs that Bernard L. Madoff, who died Wednesday at the age of 82, would eventually become infamous for running the largest Ponzi scheme in financial history.
Views: Visits 2
Bernie Madoff, the Wall Street financier who masterminded the largest Ponzi scheme in history and defrauded thousands of investors out of billions of dollars, has died in prison. He was 82.
According to NBC News, the federal bureau of prisons confirmed Madoff’s death on Wednesday, April 14. He died at the federal medical center in Butner, North Carolina.
The bureau did not specify a cause of death, saying in a statement that the cause will be determined by a medical examiner.
Madoff was serving a 150-year sentence at the prison, where he had been treated for what his attorney called terminal kidney disease.
An evil man died : Victims animosity toward Bernie Madoff outlives him
15 Apr, 2021 06:00 AM
5 minutes to read
Bernard Madoff exits Manhattan federal court in March 2009. Photo / AP
New York Times
By: Jonah E. Bromwich and Benjamin Weiser
For many of the victims of Bernard L. Madoff s massive Ponzi scheme, his death did not assuage their bitterness. There were no obvious public signs that Bernard L. Madoff, who died Wednesday at age 82, would eventually become infamous for running the largest Ponzi scheme in financial history.
From his congressional testimony after the 1987 stock market crash to the regular round tables he participated in at the Securities and Exchange Commission, his image in the public eye was that of a masterful, innovative and eminently dependable financier.