Bernie Madoff, Disgraced Ponzi Schemer, Dies at 82

Bernie Madoff, Disgraced Ponzi Schemer, Dies at 82
Bernard Madoff leaves US Federal Court after a hearing regarding his bail in New York City, on Jan. 14, 2009. Timothy A. Clary/AFP via Getty Images
Reuters
Updated:

NEW YORK—Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82.

Madoff for decades presented himself as a successful and trusted Wall Street kingpin while secretly engaging in investment fraud, prompting his sentencing judge to condemn his crimes as “extraordinarily evil.”