Tags: bernie madoff | dying | prison | ponzi

Lawyer: Dying Ponzi King Madoff Seeks Early Prison Release

Lawyer: Dying Ponzi King Madoff Seeks Early Prison Release
(Getty Images)

Wednesday, 05 February 2020 04:59 PM EST

Bernard Madoff is dying of kidney failure and seeking early "compassionate release" from his 150-year prison sentence for masterminding what prosecutors have called the largest Ponzi scheme ever, according to a court filing on Wednesday.

Madoff, 81, suffers from terminal kidney failure and has a fewer than 18 months to live, according to the filing from his lawyer.

He is seeking release under the First Step Act, a bipartisan law signed in December 2018 that lets some older prisoners obtain freedom, often for health reasons.

A spokesman for U.S. Attorney Geoffrey Berman in Manhattan, whose office prosecuted Madoff, declined to comment.

Madoff pleaded guilty in March 2009 to 11 criminal counts for running what prosecutors called a $64.8 billion fraud.

U.S. District Judge Denny Chin called Madoff's crimes "extraordinarily evil" when he imposed the 150-year sentence in June 2009.

Bernard Ebbers, the former WorldCom Inc chief executive, was granted early release in December from his 25-year prison sentence for orchestrating an accounting scandal at his phone company. He died on Sunday at age 78.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Bernard Madoff is dying of kidney failure and seeking early "compassionate release" from his 150-year prison sentence for masterminding what prosecutors have called the largest Ponzi scheme ever, according to a court filing on Wednesday.
bernie madoff, dying, prison, ponzi
174
2020-59-05
Wednesday, 05 February 2020 04:59 PM
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