Central Florida's Independent Jewish Voice

Bernie Madoff dies in prison at 82

(JTA) - Bernie Madoff, the fraudster who ran a $17.5 billion Ponzi scheme ensnaring thousands of investors, including a long list of Jewish organizations and families, has died at 82.

The Associated Press reported Madoff's death Wednesday, April 14, at a federal prison in Butner, North Carolina.

Madoff was known as a selective money manager who made fantastic yet consistent profits for his clients until his entire operation was exposed as a scam amid the 2008 financial crisis. Madoff's confession of his Ponzi scheme, in which he invented fake stock gains on paper and used new investments to pa...

 

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