Bernard Madoff died Wednesday while serving a 150-year sentence in federal priso…
Bernard Madoff died Wednesday while serving a 150-year sentence in federal prison. He was 82 years old, and a cause of death was not released. In February 2020, he petitioned the courts for an early release from prison, stating that he had terminal kidney failure and a life expectancy of less than 18 months. But the US Attorney’s office for the southern district of New York said Madoff’s crime was “unprecedented in scope and magnitude” and is “sufficient reason” to deny Madoff’s request. Madoff was the mastermind behind a $20 billion Ponzi scheme — the largest financial fraud in history.
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