For Madoff Victims, âTragedy Goes Onâ After Scammerâs Death Apr 15 2021, 1:47 PM April 15 2021, 2:13 AM April 15 2021, 1:47 PM (Bloomberg) -- Bernard Madoffâs death in prison Wednesday doesnât change much for his victims, many of whom are still waiting to be made whole on their share of $20 billion that vanished with the con manâs 2008 arrest. (Bloomberg) -- Bernard Madoffâs death in prison Wednesday doesnât change much for his victims, many of whom are still waiting to be made whole on their share of $20 billion that vanished with the con manâs 2008 arrest. The recovery effort, still underway in court more than a decade later, has been remarkably successful at recouping the lost principal, under the circumstances. But thatâs little comfort to investors who lost their life savings or otherwise had their lives turned upside down. And none of them will ever see a cent of the $45 billion in fake trading profits Madoff assured them was safely tucked away in their accounts for retirement.