Bernie Madoff Dead at 82 – World News

By Geoffrey Huchel

Bernie Madoff, the mastermind behind the biggest investment fraud in US history died April 14, 2021, of natural causes while in prison. He was 82. Madoff was serving a 150-year prison sentence for his scheme, which affected as many as 37,000 people over four decades for as much as $65 billion.

Madoff was an American market maker, investment advisor, financier, and convicted fraudster related to a massive Ponzi scheme. He founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960 where he held the position of chairman up until his arrest on December 11, 2008. On March 12, 2009, Madoff pleaded guilty to 11 felonies, including securities fraud, wire fraud, mail fraud, money laundering, making false statements, perjury, theft from an employee benefit plan, and making false filings with the SEC (the U.S. Securities and Exchange Commission).

He was married to his wife Ruth Madoff since November, 1959, and they had two sons Mark and Andrew (both deceased).

Madoff’s infamous Ponzi scheme was dramatized in the media with two TV movies: ABC’s MADOFF (2016), starring Richard Dreyfuss and Blythe Danner, and THE WIZARD OF LIES (2017), based on the best-selling book by Diana B. Henriques. The HBO film starred Robert De Niro and Michelle Pfeiffer.

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