Bernie Madoff, the former Wall Street financier who was convicted of carrying out a massive Ponzi scheme, died in prison on Wednesday morning at age 82, a Bureau of Prisons spokesperson told The Daily Beast.
Madoff was carrying out his sentence at the Federal Medical Center in Butner, North Carolina, due to a terminal kidney disease. His death was of natural causes, The Associated Press reports, and is not believed to be COVID-19 related. In 2009, Madoff pleaded guilty and admitted to "swindling thousands of clients out of billions of dollars in investments over decades," writes AP. He was sentenced to 150 years in prison. Madoff said he was "deeply sorry and ashamed."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Nationalist wins tight Polish presidential electionspeed read Karol Nawrocki beat Rafal Trzaskowski in Poland's presidential runoff election
-
Assailant burns Jewish pedestrians in Boulderspeed read Eight people from the Jewish group were hospitalized after a man threw Molotov cocktails in a 'targeted act of violence'
-
'The pattern is similar across America'Instant Opinion Opinion, comment and editorials of the day
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
