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Bernie Madoff, a man who duped celebrities and charities in the world's largest known Ponzi scheme, has died aged 82.

Madoff pleaded guilty to orchestrating the largest Ponzi scheme in history. He was sentenced to 150 years in prison. He died Wednesday.

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 an...

Print article NEW YORK — Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died behind bars early Wednesday. He was 82. Madoff’s death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the Bureau of Prisons. Last year, Madoff’s lawyers unsuccessfully asked a court to release him from prison during the coronavirus pandemic, saying he suffered from end-stage renal disease and other chronic medical conditions. His death was due to natu...

Madoff admitted swindling thousands of clients out of billions of dollars in investments over decades.