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10 things you need to know today: April 15, 2021

10 things you need to know today: April 15, 2021
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Bernie Madoff, mastermind behind largest Ponzi scheme in history, dies at 82


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 L ....

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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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Bernie Madoff, whose Ponzi scheme affected New York Mets, dies at 82


Bernie Madoff, whose Ponzi scheme affected New York Mets, dies at 82
Cornell University graduate
NEW YORK Bernie Madoff, whose Ponzi scheme led to the former New York Mets owners being embroiled in a $1 billion lawsuit, has died in prison at age 82.
Madoff burned thousands of investors, outfoxed regulators and received a 150-year prison term. He died of natural causes at the Federal Medical Center in Butner, North Carolina.
Among his victims were director Steven Spielberg, actor Kevin Bacon and Nobel Peace Prize winner and Holocaust survivor Elie Wiesel. But he had ties to sports figures as well. Hall of Fame pitcher Sandy Koufax was a client. And former Mets owners Fred Wilpon, Jeff Wilpon and Saul Katz were major investors. Their involvement changed the trajectory of the franchise. ....

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