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.
Bernie Madoff, mastermind of giant Ponzi scheme, dies at 82
The Manhattan investment adviser defrauded his A-list clients of more than $19 billion.
April 14, 2021 8 MINS
Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more than $19 billion in history’s largest Ponzi scheme, has died. He was 82.
His death was confirmed by the New York law firm of Brandon Sample, Madoff’s attorney. 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.
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His death, ‘believed to be from natural causes,’ was reported by the Associated Press.
By Laurence Arnold, Bloomberg
14 Apr 2021 16:18
Image: Mario Tama/Getty Images
Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more than $19 billion in historyâs largest Ponzi scheme, has died. He was 82.
His death, âbelieved to be from natural causes,â was reported by the Associated Press. Madoffâs 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.
Type keyword(s) to search Every item on this page was chosen by a Town & Country editor. We may earn commission on some of the items you choose to buy. Mario Tama/Getty Images
How Bernie Madoff Took His Family Down
His financial fraud destroyed thousands of lives, including those of his wife and sons. A look inside the steep rise and tragic fall of the Madoff family. Apr 14, 2021
Bernie Madoff has died in prison, according to the Associated Press. He was 82 years old. In light of the news, we re republishing our 2017 story about his financial fraud and how it destroyed thousands of lives, including those of his wife and sons.
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