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Bernard Madoff, mastermind of the largest investment fraud in US history that ripped off tens of thousands of customers valued at up to $ 65 billion, died on
He died Wednesday, according to an emailed statement from Brandon Sample, Madoff’s attorney. No cause was given. 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. Up until his death, Madoff “lived with guilt and remorse for his crimes,” Sample said. “Although the crimes Bernie was convicted of have come to define who he was—-he was also a father and a husband. He was soft spoken and an intellectual. ...
For years, "Bernie" Madoff was regarded as an investment sage. Bernard L. Madoff, who died April 14 at 82, was the mastermind of perhaps the largest Ponzi scheme in history, a reviled symbol of Wall Street greed and, once, one of the most sought-after stockbrokers in high finance. For years, "Bernie" Madoff was regarded as an investment sage. He had clients, homes and boats strewn about exclusive enclaves around the world. Leveraging the clout he had amassed as a legitimate trader, he lured - and eventually fleeced - thousands of investors who entrusted to him their retirement savings, their ...
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,...
Once one of the most sought-after stockbrokers in high finance, he became a symbol of Wall Street greed.