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A decades-long force on Wall Street, Madoff shocked the world when he pleaded guilty in 2009 to running a vast Ponzi scheme that prosecutors said swindled thousands out of their life savings. The scheme began in the early 1970s, and by the time Madoff was arrested in December 2008, had defrauded as many as 37,000 people in 136 countries out of up to $65 billion.  His victims included the famous – film director Steven Spielberg, actor Kevin Bacon and Nobel Peace Prize winner Elie Weisel – as well as ordinary investors.  Attorney Jerry Reisman, who represented 26 victims of Madoff's Pon...

Views: Visits 2 Bernie Madoff, the Wall Street financier who masterminded the largest Ponzi scheme in history and defrauded thousands of investors out of billions of dollars, has died in prison. He was 82. According to NBC News, the federal bureau of prisons confirmed Madoff’s death on Wednesday, April 14. 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 was serving a 150-year sentence at the prison, where he had been treated for what hi...

His death at the Federal Medical Center in Butner, North Carolina, was confirmed by the federal Bureau of Prisons. Madoff died apparently from natural causes, the AP reported earlier, citing an unidentified person familiar with the matter. He would have turned 83 on April 29. Madoff was serving a 150-year sentence at the prison, where he had been treated for what his attorney called terminal kidney disease. His request for compassionate release from prison was denied in June. He pleaded guilty in 2009 to a scheme that investigators said started in the early 1970s and defrauded as many as 37,...

Infamous Ponzi schemer Bernie Madoff dies in prison after spending his final dozen years in prison As reported in this Fox Business piece, headlined "Bernie Madoff, mastermind of vast Ponzi scheme, dies in federal prison at age 82," an infamous white-collar offender passed away behind bars today.  Here are the basics: Bernie Madoff, the notorious architect of the biggest investment fraud in U.S. history, has died at age 82. Madoff was serving a 150-year sentence at the federal medical care center in Butner, North Carolina, where his attorney said he was being treated for terminal kidney fail...