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Bernie Madoff, Architect of Largest Ponzi Scheme in History, Is Dead at 82


Bernard Madoff, Architect of Largest Ponzi Scheme in History, Is Dead at 82
His enormous fraud left behind a devastating human toll and paper losses totaling $64.8 billion.
Bernie Madoff leaving a Manhattan court in January 2009. The victims of his fraud numbered in the thousands and were scattered from Palm Beach to the Persian Gulf.Credit.Hiroko Masuike/Getty Images
April 14, 2021Updated 11:27 a.m. ET
Bernard L. Madoff, the one-time senior statesman of Wall Street who in 2008 became the human face of an era of financial misdeeds and missteps for running the largest and possibly most devastating Ponzi scheme in financial history, died on Wednesday at the Federal Medical Center in Butner, N.C. He was 82. ....

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Infamous criminal mastermind dies in jail


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. ....

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Infamous criminal mastermind dies in jail

Infamous criminal mastermind dies in jail
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