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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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