Business by Bruce Golding and Rebecca Rosenberg 15th Apr 2021 5:11 AM Bernie Madoff, whose US$65 billion (A$84 billion) scam made him one of the world s most hated criminals and destroyed his family, has died in prison, officials said. The 82-year-old fraudster died on Wednesday at the secure federal medical centre in Butner, North Carolina, where he was serving a 150-year sentence,
The New York Post reports. The Associated Press reported that Madoff, who had been suffering from end-stage kidney disease and other chronic ailments, died of natural causes. He would have turned 83 on April 29. His epic stock fraud, which came to light amid the global financial crisis of the late 2000s and remains the biggest in Wall Street history, left more than 37,000 victims in 136 countries in its wake.
Apr 14, 2021
FILE - Bernard Madoff exits Manhattan federal court, Tuesday, March 10, 2009, in New York. Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died early Wednesday, April 14, 2021, in a federal prison, a person familiar with the matter told The Associated Press. (AP Photo/ Louis Lanzano, File)
By MICHAEL BALSAMO and TOM HAYS Associated Press
NEW YORK (AP) 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.
Ponzi schemer Bernard Madoff dies in prison at 82
Disgraced American Jewish financier was serving 150 years for engineering one of biggest frauds in history, estimated as high as $64.8 billion, scamming thousands of victims including Elie Wiesel and Sandy Koufax
Reuters |
Published: 04.14.21 , 17:57
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.
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(Photo: AP)
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.
AP source: Ponzi schemer Bernie Madoff dies in prison – Times News Online tnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnonline.com Daily Mail and Mail on Sunday newspapers.
Ruth Madoff: Living quietly inside the glare
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1of9In this April 6, 2009 file photo, Ruth Madoff is escorted by private security as she leaves the Metropolitan Correctional Center after visiting her husband, disgraced financier Bernard Madoff , in New York. Ruth Madoff and her son Andrew will speak publicly for the first time about Bernie Madoff on 60 minutes airing Sunday, Oct. 30 at 7pm.Mary Altaffer / Associated PressShow MoreShow Less
2of9Buy PhotoRuth Madoff s apartment complex in Old Greenwich, Conn., photographed on Thursday, May 25, 2017.Tyler Sizemore/Hearst Connecticut MediaShow MoreShow Less
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NEW YORK - OCTOBER 26: In the only interview Ruth Madoff has given about her husband s crimes, she tells Morley Safer she and Bernard were so distraught over the burden of those crimes that they attempted suicide together. Image is a screen grab. (Photo by CBS via Getty Images)CBS Photo Archive/CBS via Getty ImagesShow MoreShow Less