Bernie Madoff died in prison after carrying out the largest Ponzi scheme in history — here’s how it worked

Business Insider
Apr 16 · 4 min read

12 years ago, Bernie Madoff pleaded guilty to 11 federal crimes and the largest Ponzi scheme in history.

Bernie Madoff.
Bernie Madoff. Photo: Mario Tama/Getty Images

By Stephanie Yang and Grace Kay

On Wednesday, Bernie Madoff died in federal prison, according to a report from the Associated Press. The 82-year-old, who…

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