Bernie Madoff, infamous Ponzi schemer, dies in prison

Bernard L. Madoff, the one-time Wall Street senior statesman who became the human face of an age of financial misdeeds and missteps in 2008 for operating the biggest and potentially most destructive Ponzi scheme in financial history, died on Wednesday at the Federal Medical Center in Butner, N.C. He had reached the age of 82.

The death was confirmed by the Federal Bureau of Prisons. Mr. Madoff, who was serving a 150-year prison sentence, had requested early release in February 2020, claiming in a court filing that he had less than 18 months to live after developing kidney disease and being admitted to palliative care.

Mr. Madoff expressed regret for his actions in phone interviews with The Washington Post at the time, saying he had “made a terrible mistake.”

“I’m terminally ill,” he said. “There’s no cure for my type of disease. So, you know, I’ve served. I’ve served 11 years already, and, quite frankly, I’ve suffered through it.”

Related posts