Notorious Ponzi Schemer Bernie Madoff Dies in Jail at 82 Years Old

Bernie Madoff, the notorious man behind the largest ponzi scheme in history, has died of natural causes in prison in North Carolina. He was 82. In 2009, Madoff was sentenced to 150 years in prison after pleading guilty to the scheme that saw more than $60 billion on paper vanish overnight, with thousands of victims losing their promised fortunes. One of those victims, Maureen Ebel, was once a wealthy socialite — until she lost $5 million to Madoff’s con and turned to cleaning houses to survive.