Ponzi Schemer Bernie Madoff Dies In Prison At 82

Bernie Madoff, infamous for orchestrating a massive Ponzi scheme, died at 82 while serving a 150-year sentence. His request for early release due to health issues was denied. Madoff's arrest in 2008 revealed a $64.8 billion fraud, symbolizing Wall Street greed and sparking public outrage. His firm conducted no real trading for 13 years, deceiving clients ranging from celebrities to small investors. The 2008 financial crisis exposed his scheme, highlighting the need for transparency. Madoff's crimes continue to influence skepticism towards financial institutions.

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