Bernie Madoff died in prison

Bernie Madoff died in prison

American Bernie Madoff, the author of the worst financial scandal in history, died in prison for 82 years. The fraudster was sentenced to 150 years in prison in 2009. In February 2020, he was asked to be released as he was asked to.

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He was serving his sentence at a federal medical prison in North Carolina, indicating a release date of 2139, according to data from the Federal Bureau of Prisons.

Born in a modest family in New York, Bernie Madoff did not invest a single penny of the money handed over by his clients to dig into the fund of new investors or pay the oldest.

The longtime star of Wall Street, his house card fell in December 2008, when a growing number of investors, troubled by the financial crisis, asked him to recover his dues.

Bernie Madoff was sentenced to 150 years in prison since 2009 after pleading guilty to 11 charges including fraud and money laundering.

Two years after his arrest, in December 2011, his elder son Mark Madoff was found hanged in his apartment.

A year later, in December 2012, Peter Madoff, his brother, was sentenced to 10 years in prison for accounting fraud. He is scheduled to be released from his Miami federal prison in August 2020.

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