Bernie Madoff, Mastermind of the Largest Ponzi Scheme in History, Dies in Prison at Age 82
Bernard (Bernie) Madoff, mastermind of the largest Ponzi scheme in history, died this morning at the Federal Medical Center in Butner, North Carolina. He was serving a 150-year prison sentence. Madoff would have been 83 on April 29. A source told the Associated Press that Madoff had died of natural causes.
Madoff ran his scheme undetected by regulators and law enforcement for more than four decades until he began to run out of money to meet client redemption requests during the financial crash of 2008 and confessed to his sons. The sons turned him in to the FBI. The case became a national scandal that tarnished both the reputation of the SEC as well as JPMorgan Chase.
Muere Bernard Madoff, responsable del mayor fraude de la historia de Wall Street
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Bernie Madoff, who orchestrated largest known Ponzi
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Bernie Madoff, who orchestrated largest known Ponzi scheme in history, dead at 82
Bernard Bernie Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence, the U.S. Bureau of Prisons said. He was 82.
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Posted: Apr 14, 2021 11:17 AM ET | Last Updated: April 14
Bernie Madoff, the ex-financier who was serving a 150-year term for engineering a fraud estimated as high as $64.8 billion US, died in federal prison on Wednesday.(Timoth A. Clary/AFP/Getty Images)
Bernard Bernie Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence, the U.S. Bureau of Prisons said. He was 82.