Tag: Ponzi Scheme
Notorious Ponzi-schemer Bernie Madoff dies at age 82
Jewish Ponzi schemer and disgraced financier Bernie Madoff died on Wednesday at the Federal Medical Center in Butner, N.C., at the age of 82, his lawyer confirmed.
His death was a result of natural causes and...
Ponzi-scheme collaborator Peter Madoff released from federal custody
Peter Madoff, the brother of disgraced financier Bernie Madoff, has been released from federal custody, the U.S. Bureau of Prisons told JNS.
Madoff, 74, was freed from home confinement on Thursday.
He served a 10-year sentence...
Federal judge denies Madoff compassionate release from prison
A federal judge has denied Bernie Madoff’s request for compassionate release from prison in which the disgraced financier claimed to be terminally ill and likely to die in the next 18 months.
Madoff, 82, has...
Madoff requests early release, citing terminal illness
Disgraced financier Bernie Madoff has requested an early release from prison, citing that he suffers from terminal kidney failure and other health difficulties, and therefore only has 18 months to live.
Madoff, 81, asked U.S....
Bernie Madoff asks Trump for commutation of 150-year prison sentence
Disgraced financier Bernie Madoff has requested U.S. President Donald Trump to commute his 150-year sentence for running a Ponzi scheme worth almost $65 billion—the largest in history and one that inflicted heavy financial loss...