Roundup Newswires

Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network

Bernie Madoff, financier behind largest Ponzi scheme in history, dies in prison

Posted on April 14, 2021 by Admin

Fraudster sentenced to 150 years in jail dies from natural causes
New York financier ran scheme that cheated investors of billions

Bernard Madoff, the one-time Wall Street titan who orchestrated one of the largest frauds in history, has died in prison aged 82.

Madoff, known as Bernie, was a former chairman of the Nasdaq stock exchange, and was regarded for years as an investment sage. But unbeknown to his thousands of victims, he was running a Ponzi scheme that wiped out at least $17.5bn in savings.

Bernie Madoff says he is dying of kidney failure and seeks early prison release

Posted on February 5, 2020 by Admin

Lawyer says 81-year-old behind history’s largest Ponzi scheme uses a wheelchair and has multiple serious conditions

Bernard Madoff, the fraudster behind the largest Ponzi scheme in history, said Wednesday that he was dying of kidney failure and is seeking early release from his 150-year prison sentence.

In a court filing Madoff’s lawyer said the 81-year-old uses a wheelchair, often requires oxygen, and suffers from cardiovascular disease, hypertension, insomnia and other chronic and serious medical conditions. He is too old for a transplant and has been moved to the Federal medical center prison in Butner, North Carolina.