Bernard Madoff, the investment manager who orchestrated the largest Ponzi scheme in history, has died, according to US media reports.
Madoff, 82, passed away at a federal prison in North Carolina, where he was serving a 150-year sentence after pleading guilty in 2009.
A Wall Street legend for his seemingly golden touch, Madoff was a prominent broker who served as chair of the Nasdaq stock exchange in the early 1990s. His firm, Bernard L Madoff Investment Securities, also managed an increasing pile of private and institutional money and reported steady, market-beating returns.
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