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.
– 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