Ponzi schemer Bernie Madoff dies in prison at 82
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FILE - In this Tuesday, March 10, 2009, file photo, former financier Bernie Madoff exits federal court in Manhattan, in New York. Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in prison, a person familiar with the matter tells The Associated Press(AP Photo/David Karp, File)
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.
Madoff’s death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the Bureau of Prisons.
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.
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
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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.