Apparently, Madoff died of natural causes in prison, where he was serving a 150-year sentence. At the same time, his lawyer said that he suffers from end-stage kidney disease. In June, he asked for a merciful release, but was refused.
In 2009, he pleaded guilty to a fraudulent scheme that investigators said began in the early 1970s. During this time, he deceived about 37 thousand people in 136 countries. He was arrested in December 2008 after his two sons extradited him.
Madoff’s victims included acclaimed filmmaker Steven Spielberg, actor Kevin Bacon, former New York Mets owner Fred Wilpon, and Nobel Peace Prize laureate Eli Weisel. Ordinary investors were also deceived, who lost $ 5 million.
Madoff said the fraud did not begin until the early 1990s, when, in his words, “the market stalled due to the outbreak of the recession and the Gulf War.”
He was known as a major financial manager. But in fact, according to investigators, Madoff hasn’t done a single deal for his consulting clients in years.
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