Ponzi scheme architect Bernie Madoff dies in prison aged 82
Bernard L. Madoff, the con artist behind the largest private Ponzi scheme in history, has died at the age of 82 in federal prison. Madoff bilked thousands of investors, including Steven Spielberg, Fred Wilpon and Kevin Bacon, out of an estimated $65 billion and was convicted in 2009 to 150 years in prison. He defrauded around 37,000 people in 136 countries.
