AP source: Ponzi schemer Bernie Madoff dies in prison

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AP

In 2008, former Nasdaq chairman Bernie Madoff was arrested, accused of running a multibillion-dollar Ponzi scheme that wiped out the life savings of thousands of people and wrecked charities. (Madoff is serving a 150-year federal prison sentence.)

NEW YORK (AP) — Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in prison.

A person familiar with the matter told The Associated Press on Wednesday that Madoff died at the federal medical center in Butner, North Carolina, apparently of natural causes. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity.

Last year, Madoff’s lawyers filed court papers to try to get the 82-year-old released from prison in the COVID-19 pandemic, saying he had suffered from end-stage renal disease and other chronic medical conditions. The request was denied.