Federal Bureau of Prisons says Ponzi schemer Bernard Madoff has passed away By Jonathan Stempel and Bill Trott
FILE PHOTO: Accused swindler Madoff exits the Manhattan federal court house in New York
NEW YORK (Reuters) -Bernard 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 Bureau of Prisons said. He was 82.
Madoff had been suffering from chronic kidney failure and several other medical ailments.
He had been held at a federal prison in Butner, North Carolina, after being sentenced in June 2009 to a 150-year term for engineering a fraud estimated as high as $64.8 billion.
Ponzi schemer Bernie Madoff dies in prison at 82
Madoff was in care at the Federal Medical Center in Butner, N.C.
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In this March 10, 2009, photo, former financier Bernie Madoff leaves federal court in Manhattan, in New York. [ DAVID KARP | AP ]
Updated 1 hour ago
NEW YORK â Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died in a federal prison early Wednesday. He was 82.
Madoffâs death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the Bureau of Prisons.
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Bernard Madoff, mastermind of massive Ponzi scheme, dies in US prison
FILE PHOTO: Disgraced financier Bernard Madoff leaves US District Court in Manhattan after a bail hearing in New York on Jan 5, 2009. (AP Photo/Kathy Willens)
14 Apr 2021 10:36PM (Updated:
14 Apr 2021 10:40PM) Share this content
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NEW YORK: Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday (Apr 14) in federal prison where he was serving a 150-year sentence, the Bureau of Prisons said. He was 82.
Madoff had been suffering from chronic kidney failure and several other medical ailments.
NEW YORK — Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died behind bars early . . .