General
Bernie Madoff, Wall Street fraudster who stole billions, dies in US prison
Bernie Madoff, a man who duped celebrities and charities in the world’s largest known Ponzi scheme, has died aged 82.
Key points:
- It is believed he died of natural causes
- He was found guilty of Wall Street’s largest fraud, estimated at more than $83 billion
- Madoff had served about 11 years of a 150-year jail sentence
A spokeswoman for the US Federal Bureau of Prisons said Madoff’s death at the Federal Medical Center in Butner, North Carolina is believed to be from natural causes.
Madoff had been suffering from terminal kidney disease and several other medical ailments.
Prior to his jail time, Madoff had for decades presented himself as a successful and trusted Wall Street kingpin while secretly engaging in investment fraud, prompting his…
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