Bernie Madoff died at 82 in a prison at Butner, North Carolina

Photo: AP News

US's Biggest Investment Scam Convict Passes Away At Federal Prison

The US's largest Ponzi scheme convict Bernie Madoff passed away on April 14 at federal prison's medical facility in Butner, North Carolina. The 82-year-old had a natural death, a year after the court denied his lawyer's request to release him considering medical reasons. Nonetheless, he pleaded guilty of running an investment scam in March 2009. Reportedly, around $13 billion of his investors have been recovered out of $17.5 billion.

Thu, 15 Apr 2021 - 06:20 PM / by Neha Sanjeev

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