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The once-celebrated figure on Wall Street was sentenced to 150 years in prison.
• 8 min read
Bernie Madoff dies at 82
The financier, who pleaded guilty to orchestrating the largest Ponzi scheme in history, died from natural causes in federal prison. Stephen Chernin/Getty Images, FILE
Bernie Madoff, the disgraced former financier who ran the largest Ponzi scheme in history, has died, sources confirmed to ABC News.
The 82-year-old died of natural causes while being housed at the Federal Medical Center in Butner, North Carolina, sources told to ABC News Wednesday.
morning papers. it s been a great winter. don t jinx it, please. let s start with the new york times. a federal judge ruled that the owners of the new york mets who profited from investing with bernie madoff must pay millions of dollars to the madoff victims fund. the exact amount could be as high as $83 million. the judge also ruled that the owners, fred wilpon and saul katz, will face a jury over whether they were willfully blind to madoff s fraud. if so, they could be forced to pay an additional $300 million. willie, they re getting hit with $83 million, possibly $300 million. and the plaintiffs are actually going for $1 billion. they re going for more. this all implies that the wilpons knew about bernie madoff s fraud, about his scam, that they were in on it, which i find hard to believe, but they re going to pay for it. yeah. the problem is there is a witness out there that worked for him that allegedly warned them, specifically, and that s what i think this case is
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