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Bernie Madoff, mastermind behind largest-ever Ponzi scheme, dies in prison

Bernie Madoff, mastermind behind largest-ever Ponzi scheme, dies in prison

Bernie Madoff, the mastermind behind the largest Ponzi scheme in history, has died in prison, AP reported citing a source. It said Madoff, 82, died at the federal medical center in Butner, North Carolina, from natural causes. He had an end-stage renal disease and other medical conditions. In 2009, Madoff pleaded guilty. He was sentenced to 150 years in prison and forced to forfeit $170 billion.

Chris
Chris
Alex
Alex 4 weeks

Actually, FDR, creator of social security, died long ago back in 1945.

Michael
Michael 4 weeks

The only Ponzi scheme in history where the authorities actually cared because he dared to rip off the rich. Our current economic system is one big Ponzi scheme where the rich rip off the poor and the middle class.

good citizen
good citizen 4 weeks

He stole billions and got to die in peace. George Floyd passed a 20 dollar bill, and was murdered in the street

K.
K. 4 weeks

He was a criminal and deserved the same fate as George Floyd who only stole twenty dollars.

Tim
Tim 4 weeks

* Second largest. Let's not forget Social Security.

martti
martti 4 weeks

Some "journalists" do not know what a brainchild is. Classy!

Bradley
Bradley 4 weeks

The summary is misleading; the largest ever ponzi scheme is the Social Security Administration.

Lev !🇺🇸 MINISTRY OF TRUTH
Lev !🇺🇸 MINISTRY OF TRUTH 4 weeks

Couldn't have happened to a nicer guy

Nickel
Nickel 4 weeks

Yeah he was a genius at making money but he didn't know what he didn't know that he would get caught someday

Darknimbus3
Darknimbus3 4 weeks

Who cares? Why is this even news?

RichieRamirez
RichieRamirez 4 weeks

One of the rarest cases of corporate and corruption justice.

Sergio
Sergio 4 weeks

I wouldn't know who he was if it wasn't for Dagogo at cold fusion on YouTube.

TaxTheRich
TaxTheRich 4 weeks

Good.

Beijing Biden
Beijing Biden 4 weeks

Couldn't have came soon enough I hope he suffered tremendously

Benjamin
Benjamin 4 weeks

Biggest ponzi scheme in history is the fiat USD.

J. S. Dietrich
J. S. Dietrich 3 weeks

✡️

eclipseNF
eclipseNF 4 weeks

Nice typo 🥲

NightWriter17
NightWriter17 4 weeks

Sounds like he gotoff easy after he Madoff with everyone's cash.

Jack
Jack 4 weeks

2nd place behind the federal govs financial systems.

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