Laurence Arnold and Bill Arthur, Bloomberg News, (TNS)
Bob Dole, the World War II veteran who recovered from near-fatal wounds to become the U.S. Senate Republican leader and a three-time presidential candidate, has died. He was 98.
Dole died Sunday morning in his sleep, according to a Twitter post
Mario Tama/Getty Images
Bernie Madoff, “mastermind of the largest Ponzi scheme in history”, died last week, said Ben Hoyle in The Times. Madoff, 82, was serving a 150-year sentence for swindling thousands of well-heeled clients out of some $65bn in investments – having beguiled them with fictitious annual returns of 10% or more. A former chairman of the Nasdaq, he exuded authority. Among those ensnared were actors John Malkovich and Zsa Zsa Gabor, director Steven Spielberg and the Nobel Prize-winning Holocaust survivor Elie Wiesel, whose foundation lost $15m. “We thought he was God. We trusted everything in his hands,” Wiesel remarked. But Madoff fooled even the pros. Fund manager Nicola Horlick – the so-called City “superwoman” – invested £20m with Madoff, telling the FT just before his exposure in 2008: “he is very, very good at calling the US equity market”.
What to Know in Washington: Businesses to Reap Earmark Benefits bgov.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bgov.com Daily Mail and Mail on Sunday newspapers.
Bernard Madoff exits the Manhattan federal court house in New York, U.S. on Jan. 14, 2009. Madoff pleaded guilty in that March to fraud, money laundering, perjury and theft and was sentenced to 150 years in prison. Photo by Reuters/Brendan McDermid/File Photo
Article content
Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more than US$19 billion in history’s largest Ponzi scheme, has died. He was 82.
His death, “believed to be from natural causes,” was reported by the Associated Press. 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.