Bernie Madoff, Notorious Ponzi Schemer, Dies At 82 : NPR » Scammer News

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Bernard Madoff, shown here in 2009, died Wednesday in a federal prison facility in North Carolina.

Louis Lanzano/AP

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Louis Lanzano/AP


Bernard Madoff, shown here in 2009, died Wednesday in a federal prison facility in North Carolina.

Louis Lanzano/AP

Bernie Madoff, the financier who orchestrated what is thought to be the largest Ponzi scheme in history, has died. He was 82.

He died Wednesday at the Federal Medical Center in Butner, N.C., the Federal Bureau of Prisons confirmed, and had been serving out a 150-year sentence.

As a money manager, Madoff defrauded thousands of investors out of tens of billions of dollars over the course of nearly two decades. His scheme wiped out the savings of individuals, charities, municipal governments and college endowment funds, and he was…

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