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Bernie Madoff dies in prison at age 82
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<blockquote data-quote="Stimulus mind" data-source="post: 26304489" data-attributes="member: 577135"><p><img src="https://globalnews.ca/wp-content/uploads/2021/04/GettyImages-85333592.jpg?quality=85&strip=all&w=1200" alt=" Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City. " class="fr-fic fr-dii fr-draggable " style="width: 644px; height: 428.483px" /></p><p><strong>Financier Bernard Madoff leaves Manhattan Federal court on March 10, 2009, in New York City. (Photo by Mario Tama/Getty Images)</strong></p><p><strong></strong></p><p><strong></strong></p><p><strong></strong></p><p>Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in federal prison, a person familiar with the matter told The Associated Press on Wednesday.</p><p>Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity.</p><p>READ MORE: U.S. inmates, including Bernie Madoff, argue for a release amid outbreak</p><p>Last year, Madoff’s lawyers filed court papers to try to get the 82-year-old released from prison in the COVID-19 pandemic, saying he had suffered from end-stage renal disease and other chronic medical conditions. The request was denied.</p><p>Madoff admitted swindling thousands of clients out of billions of dollars in investments over decades.</p><p></p><p>A court-appointed trustee has recovered more than $13 billion of an estimated $17.5 billion that investors put into Madoff’s business. At the time of his arrest, fake account statements were telling clients they had holdings worth $60 billion.</p><p></p><p></p><p></p><p>[MEDIA=cnbc]7000186257[/MEDIA]</p></blockquote><p></p>
[QUOTE="Stimulus mind, post: 26304489, member: 577135"] [IMG width="644px" height="428.483px" alt=" Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City. "]https://globalnews.ca/wp-content/uploads/2021/04/GettyImages-85333592.jpg?quality=85&strip=all&w=1200[/IMG] [B]Financier Bernard Madoff leaves Manhattan Federal court on March 10, 2009, in New York City. (Photo by Mario Tama/Getty Images) [/B] Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in federal prison, a person familiar with the matter told The Associated Press on Wednesday. Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity. READ MORE: U.S. inmates, including Bernie Madoff, argue for a release amid outbreak Last year, Madoff’s lawyers filed court papers to try to get the 82-year-old released from prison in the COVID-19 pandemic, saying he had suffered from end-stage renal disease and other chronic medical conditions. The request was denied. Madoff admitted swindling thousands of clients out of billions of dollars in investments over decades. A court-appointed trustee has recovered more than $13 billion of an estimated $17.5 billion that investors put into Madoff’s business. At the time of his arrest, fake account statements were telling clients they had holdings worth $60 billion. [MEDIA=cnbc]7000186257[/MEDIA] [/QUOTE]
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