NEW YORK (TUSEN) – Bernie Madoff, the financier who pleaded guilty to orchestrating the biggest Ponzi scheme in history, died Wednesday morning in federal prison, a person familiar with the matter told The The US Express News.
Madoff died at Federal Medical Center in Butner, North Carolina, apparently of natural causes, the person said. The person was not authorized to speak publicly and addressed the TUSEN on condition of anonymity.
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Last year, Madoff’s lawyers filed court documents to try to get the 82-year-old out of the COVID-19 pandemic, claiming he suffered from end-stage kidney disease and others. chronic health problems. The request was denied.
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Madoff admitted to swindling thousands of clients out of billions of dollars in investments over decades.
A court-appointed trustee has recouped more than $ 13 billion of the roughly $ 17.5 billion that investors put into Madoff’s business. At the time of Madoff’s arrest, fake account statements told clients they had $ 60 billion in assets.
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