Bernie Madoff, who orchestrated largest known Ponzi scheme in history, dead at 82
Bernard Bernie Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence, the U.S. Bureau of Prisons said. He was 82.
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Posted: Apr 14, 2021 11:17 AM ET | Last Updated: April 14
Bernie Madoff, the ex-financier who was serving a 150-year term for engineering a fraud estimated as high as $64.8 billion US, died in federal prison on Wednesday.(Timoth A. Clary/AFP/Getty Images)
Bernard Bernie Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence, the U.S. Bureau of Prisons said. He was 82.
Bernie Madoff, whose Ponzi scheme devastated Jewish world, dies – J
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How Bernie Madoff Took His Family Down
His financial fraud destroyed thousands of lives, including those of his wife and sons. A look inside the steep rise and tragic fall of the Madoff family. Apr 14, 2021
Bernie Madoff has died in prison, according to the Associated Press. He was 82 years old. In light of the news, we re republishing our 2017 story about his financial fraud and how it destroyed thousands of lives, including those of his wife and sons.
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Bernard L. Madoff, the notorious financier who pulled off history’s biggest swindle and came to epitomize Wall Street corruption as the economy plunged into the worst downturn since the Great Depression, died of natural causes while serving a 150-year prison sentence, a person familiar with the matter told the Associated Press. He was 82.
Suffering from kidney failure, hypertension and heart problems, Madoff died at the Federal Medical Center in Butner, N.C., apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity.
Last year, Madoff’s lawyers filed court papers to try to get the 82-year-old released from prison due to the COVID-19 pandemic. The request was denied.
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