News Alert: Bernie Madoff, infamous Ponzi schemer, dies

News Alert: Bernie Madoff, infamous Ponzi schemer, dies

Bernard Madoff, whose name became synonymous with financial fraud, died while serving a 150-year sentence.
CNN

Bernard Madoff, whose name became synonymous with financial fraud, died while serving a 150-year sentence in federal prison. He was 82 years old.

His death Wednesday at the Federal Medical Center in the prison in Butner, North Carolina, was confirmed by the US Bureau of Prisons. A cause of death was not released.