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Bernie Madoff
Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press. He was 82.
Madoff died at the Federal Medical Center in Butner, North Carolina, 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 him released from prison in the coronavirus pandemic, saying he had suffered from end-stage renal disease and other chronic medical conditions. The request was denied.
Bernie Madoff, infamous Ponzi schemer, dead at 82
14 Apr, 2021 06:15 PM
8 minutes to read
Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in jail. Video / AP
Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in jail. Video / AP
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By: Michael Balsalmo and Tom Hays
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 Wednesday. He was 82.
Madoff s death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the Bureau of Prisons.
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Madoff admitted swindling thousands of clients out of billions of dollars in investments over decades.
By MICHAEL BALSAMOAssociated Press
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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 in a federal prison early Wednesday. He was 82.
Bernie Madoff leaves federal court in Manhattan in 2009.
Associated Press/David Karp
Madoff’s death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the Bureau of Prisons.
Last year, Madoff’s lawyers filed court papers to try to get him released from prison in the coronavirus pandemic, saying he had suffered from end-stage renal disease and other chronic medical conditions. The request was denied.
How Bernie Madoff fooled the A-list with promise of double-digit returns: Ponzi schemer s celebrity victims include Steven Spielberg, Kevin Bacon, John Malkovich and New York Mets owner Fred Wilpon
Bernie Madoff robbed 37,000 victims in 136 countries over the course of two decades before he was arrested back in 2008
His victims, large and small, included individuals, charities, pension funds and hedge funds
Among those he betrayed were actors Kevin Bacon and John Malkovich; director Steven Spielberg and New York Mets owner Fred Wilpon
Some victims, including those who could barely afford to invest in the first place, lost their entire life savings and several later committed suicide as a result