Bernard Madoff, Mastermind of Giant Ponzi Scheme, Dies at 82

Big stepper scammer Bernie Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, and earned him a 150-year prison term, died in a federal prison early Wednesday. He was 82.

via: Bloomberg

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.

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. Bernie was by no means perfect. But no man is.”


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