Bernie Madoff dies in prison, convicted of the biggest scam in history

New York, United States.

The ex-financier Bernie Madoff, convicted to 150 years to commit the biggest pyramid scam from the history of Wall Street, murió in one United States Federal Prison at the age of 82, various American media reported Wednesday.

Madoff, who pleaded guilty to defrauding in 2009 $ 50 billion, had requested to leave it last year jail because I have a kidney disease at terminal stage, but his request was denied.

According to authorities, who have not specified the reason for his death, the ex-financier has passed away at the Federal Medical Center of Butner, in North Carolina, a prison facility for inmates with health issues.

Madoff went from one of the most prestigious figures on Wall Street for everyone a symbol of the worst stock market practices after exposing the gigantic fraud dand investments that worked for years and eventually cost thousands of millions a large and small investors.

The financier developed a fraudulent system that promised high efficiency and that it paid the first investors with the amounts it collected from the latter to trust management, a pyramid scam which, according to authorities, could lead to losses for some $ 65 billion to customers all over the world.

After more than a decade victims they still are get money back thanks to the liquidation of his firm and the work of the American justice system.

Always work with confidentiality and cultivate an atmosphere of exclusivity at all times, Madoff attracted famous figures from many fields to his company, from the filmmaker Steven Spielberg to team owners basketball Y American football or to big business people.

Madoff was arrested in December 2008 and three months later pleaded guilty of eleven economic crimes that took him to prison for life, with a phrase of 150 years in prison.

“I am very sorry and I am deeply regrettable “, the investor said when he pleaded guilty to federal court for the southern district of Manhattan, where he admitted that “this day had to come.”

Madoff, who came to chair the chair Nasdaq Market, his career in the investment world began at the 22 years old, as he claimed, by opening a business with the $ 5,000 who won if life jacket in a summer job.

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His company thrived to become one of the major players Wall Street and turned this working-class New Yorker into an extraordinarily respected figures financial circless and a member of the high society of the Big apple.

Born in 1938 in the borough of Queens, Madoff studied at university for a year Alabama and graduated in political science from Hofstra, New York in 1960, in addition to attending a year at Brooklyn Law School.

Robert de Niro brought it to life in the 2017 HBO movie “The Wizard of Lies”, in which Michelle Pfeiffer played his wife Ruth. EFE

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