Ponzi Scheme Mastermind Bernie Madoff Has Died
Posted on 04/14/2021
Bernie Madoff (Bernard Madoff) has died in federal prison. Madoff was behind the largest investment fraud in U.S. history and was serving a 150-year prison sentence. He was 82. No cause was given.
Madoff has been at the Butner Federal Correctional Complex in Butner, North Carolina, since July 2009. He requested compassionate early release, citing end-stage kidney disease, in February 2020. Madoff was fighting renal kidney failure and was in a wheelchair.
Madoff ran Bernard L. Madoff Investment Securities LLC and defrauded high profile celebrities, wealthy individuals, and foundations.