Published
A former Wall Street financier and convicted fraudster, Bernard Madoff, died on Wednesday in a US federal prison in Butner, North Carolina, aged 82.
Madoff had been serving a 150-year sentence after he pleaded guilty in 2009 to running a Ponzi scheme, which paid investors with money from new clients rather than actual profits.
Al Jazeera’s Kristen Saloomey reports from New York, US.
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#BernieMadoff #BernardMadoff #PonziScheme
Madoff had been serving a 150-year sentence after he pleaded guilty in 2009 to running a Ponzi scheme, which paid investors with money from new clients rather than actual profits.
Al Jazeera’s Kristen Saloomey reports from New York, US.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#BernieMadoff #BernardMadoff #PonziScheme
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- 2021 deaths, 2021 famous deaths, al jazeera
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