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Ponzi schemer Bernie Madoff dies in prison, aged 82 – Sydney Morning Herald

Madoff was serving a 150-year jail sentence after admitting to swindling thousands of clients out of billions of dollars in investments over decades.



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After several months living under house arrest at his $US7 million Manhattan penthouse apartment, he was led off to jail in handcuffs to scattered applause from angry investors in the courtroom.
He stole from the rich. He stole from the poor. He stole from the in between. He had no values, former investor Tom Fitzmaurice told the judge at the sentencing. He cheated his victims out of their money so he and his wife … could live a life of luxury beyond belief.
US District Judge Denny Chin showed…

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