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Bernard Madoff, Architect of Largest Ponzi Scheme in History, Is Dead at 82

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Bernard L. Madoff, the one-time senior statesman of Wall Street who in 2008 became the human face of an era of financial misdeeds and missteps for running the largest and possibly most devastating Ponzi scheme in financial history, died on Wednesday at the Federal Medical Center in Butner, N.C. He was 82.

The Federal Bureau of Prisons confirmed the death.

Mr. Madoff, who was serving a 150-year prison sentence, had asked for early release in February 2020, saying in a court filing that he had less than 18 months to live after entering the final stages of kidney disease and that he had been admitted to palliative care.

In phone interviews with The Washington Post at the time, Mr. Madoff expressed remorse for his misdeeds, 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.”

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Bernie Madoff leaving a Manhattan court in January 2009. The victims of his fraud numbered in the thousands and were scattered from Palm Beach to the Persian Gulf.Credit…Hiroko Masuike/Getty Images

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Click the link below for the article:

https://www.nytimes.com

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