Bernie Madoff, the financier who orchestrated one of the largest Ponzi schemes in history, has died. He was 82.
He died on Wednesday at the Federal Medical Center in Butner, North Carolina, the Federal Bureau of Prisons confirmed, where he had been serving out a 150-year sentence.
As a money manager, Madoff defrauded thousands of investors out of tens of billions of dollars. The former NASDAQ chairman pleaded guilty to 11 criminal counts in 2009, at the age of 71.