At the age of nearly 82 years Bernie Madoff who is behind the largest financial scam in history has died. Madoff has been serving a 150-year prison sentence in California since 2019. The prison administration has not yet determined the cause of death.
The Prison Service reports that Bernie Madoff, who is behind the largest financial scam in history worth tens of billions of dollars, spent 82 years in a prison in North Carolina where he was serving a 150-year sentence.
Madoff was sentenced to 150 years in prison in 2019. The pyramid scheme of this prominent figure in the New York financial community was to take money from new customers to distribute profits or return money to Old investors. This fraud was uncovered in December 2008 during the financial crisis.
“We confirm that Bernard Madoff died on April 14, 2021 at Butner Federal Medical Center in North Carolina,”an official at the Federal Bureau of Prisons said in an email. The letter explained that determining the cause of death requires the opinion of a doctor.
It is reported that in February 2020 Madoff’s lawyer said that the former money expert is terminally ill and wants to leave prison to die peacefully.
Attorney Brandon Sambell also said Madoff had ” a fatal kidney disease among other health problems.” “The Bureau of Prisons concluded in September 2019 that Madoff had less than 18 months to live due to inadequate functioning of the kidneys,”Sambell wrote.
For its part, The “Washington Post” answered the day that Madoff needed a wheelchair and round-the-clock medical attention.
He requested his release to repair the relationship with his grandchildren and die at home, but the prison office refused the request.
US authorities have seized nearly four billion dollars linked to Madoff and are aiming to return it to tens of thousands of people affected worldwide.