Is Bernie Madoff still in jail?
Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, died Wednesday. He was 82. 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…
Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, died Wednesday. He was 82. 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.
Is Bernie Madoff still in jail?
Bernie Madoff, the late Ponzi scheme king who ripped off thousands of people for billions of dollars, earned just $710 after almost 3,000 hours of work while serving 12 years in a North Carolina federal prison before dying of kidney failure in April, newly released records show. Madoff insisted the fraud did not begin until the early 1990s, when, he said, “the market stalled due to the onset of the recession and the Gulf War.
