64bn Dollar Con King Dies In Jail

Biggest-ever Ponzi scheme fraudster Bernie Madoff was serving 150 years

- Graham Hiscott

Disgraced financier Bernie Madoff died in prison yesterday at the age of 82.

The former Wall Street titan passed away while serving a 150-year sentence, the Federal Bureau of Prisons announced.

Madoff suffered a sensational fall from grace after being convicted of running the largest known Ponzi scheme in history.

For decades he presented himself as a trusted Wall Street kingpin while secretly engaging in investment fraud, prompting his sentencing judge to condemn his crimes as “extraordinarily evil”.

A spokeswoman for the prison bureau said Madoff’s death was believed to be from natural causes.

Madoff had terminal kidney disease and several other illnesses.