News

Ponzi scheme king Bernie Madoff dies in prison at 82

Wall Street financier Bernard Madoff pleaded guilty to being behind the largest Ponzi scheme in history
Wall Street financier Bernard Madoff pleaded guilty to being behind the largest Ponzi scheme in history Photo: Getty Images

US fraudster Bernie Madoff who defrauded thousands to the tune of as much as $50bn in a vast Ponzi scheme has reportedly died in prison.

Madoff died in a US federal prison on 14 April aged 82, AP reported.

WSJ Logo