He died Wednesday, according to an emailed statement from Brandon Sample, Madoff’s attorney. No cause was given. 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.
Up until his death, Madoff “lived with guilt and remorse for his crimes,” Sample said. “Although the crimes Bernie was convicted of have come to define who he was -he was also a father and a husband. He was soft spoken and an intellectual. Bernie was by no means perfect. But no man is.”
Mastermind of giant Ponzi scheme dies at 82
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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.
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.
Like Charles Ponzi, whose 1920 con earned him a place in the annals of crime, Madoff seemed to deliver stunning returns to his clients, when in fact he was paying existing investors with money from new ones.
Bernie Madoff, mastermind behind largest Ponzi scheme in history, dies at 82 Ethan Sacks © Provided by NBC News
Bernie Madoff, the Wall Street con artist who masterminded the largest Ponzi scheme in history and bilked thousands of investors out of billions of dollars, has died in prison.
He was 82.
The Federal Bureau of Prisons confirmed Madoff s death on Wednesday. He died at the Federal Medical Center in Butner, North Carolina. The bureau did not specify a cause of death, saying in a statement that the cause will be determined by a medical examiner.
Madoff s death comes about 12 years into a 150-year prison sentence stemming from fraud charges that bilked thousands of investors out of an estimated $65 billion in promised returns on $20 billion invested over the years. His victims ranged from boldface names such as Steven Spielberg, actors Kevin Bacon and Kyra Sedgwick, New York Mets owners Fred Wilpon and Saul Katz and L Oreal heiress Liliane Bettencourt to
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