By Megan Henney | FOXBusiness




Bernie Madoff, the notorious architect of the biggest investment fraud in U.S. history, has died at age 82, the Associated Press reported Wednesday.

Madoff was serving a 150-year sentence at the federal medical care center in Butner, North Carolina, where his attorney said he was being treated for terminal kidney failure. Last year, Madoff's attorney filed court papers seeking the 82-year-old's release during the coronavirus pandemic, saying he suffered from end-stage renal disease. The request was denied.

A decades-long force on Wall Street who served as the former chairman of the Nasdaq Stock Market, Madoff was arrested in 2008 for swindling thousands of clients out of close to $65 billion.