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Infamous Ponzi Schemer Bernie Madoff Has Passed Away

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Get all the latest news, live updates & top stories on Bernie Madoff

CNN - Bernard Madoff, the mastermind behind a $20 billion Ponzi scheme — the largest financial fraud in history, has just been announced to have passed away at age 82 while serving a 150-year sentence in Federal Prison. Madoff's death today at the Federal Medical Center in the prison in Butner, North Carolina, was in fact confirmed by the US Bureau of Prisons. A cause of death has not been released at this time. "Bernie, up until his death, lived with guilt and remorse for his crimes," Madoff's attorney Brandon Sample said. "Although the crimes Bernie was convicted of have come to define who he was -- he was also a father and a husband. He was soft spoken and an intellectual. Bernie was by no means perfect. But no man is."

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