Bernie Madoff Leaves Prison, Feet First, Age 82 – IOTW Report

Wall Street Journal on MSN

Bernie Madoff, the architect of one of the largest financial frauds in American history, has died at age 82.

Mr. Madoff, one-time chairman of the Nasdaq Stock Market and a fixture on Wall Street for decades, shocked the world in December 2008 when he confessed his investment business was a multibillion-dollar ponzi scheme. He pleaded guilty in March 2009 and was given the longest sentence allowed.

In the decade after his arrest, a court-appointed trustee has returned more than $12 billion to Mr. Madoff’s former clients.

A statement from the Bureau of Prisons on Wednesday said Mr. Madoff passed away on April 14 at the Federal Medical Center in Butner, N.C. More

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