Bernie Madoff, the infamous Wall Street financier who bilked thousands of investors for billions of dollars, died earlier this month. He spent his final days at a prison hospital in North Carolina.
Madoff suffered from several medical issues, according to his death certificate. TMZ obtained the certificate and reported its details, Friday. Madoff died of natural causes and he was cremated in North Carolina.
Last year, lawyers for Bernie Madoff, 82, asked a court to release their client from prison. They said he was suffering from end-stage kidney disease and his life was more at risk because of the COVID-19 pandemic. A judge turned down the request.
But Bernie Madoff did die of kidney disease, among other ailments. The death certificate listed hypertension, atherosclerotic cardiovascular disease and kidney disease. Hypertension means high blood pressure. Madoff’s arteries in his heart also had narrowed from plaque.
Bernie Madoff Sported Celebrities Among His Clients
Bernie Madoff was the former chairman of the Nasdaq market. He billed himself as a self-made man, one who attracted a bevy of celebrity clients. Some of his investors included Steven Spielberg, baseball Hall of Famer Sandy Koufax and actor Kevin Bacon.
But in 2008, Madoff’s empire was revealed to be one big Ponzi scheme. He ripped off thousands, including retirees who’d invested their life savings with him. Charities and other non-profits lost money. Madoff was so despised, he needed to wear a bulletproof vest to his trial.
He finally pleaded guilty in 2009 to 11 counts of fraud. The judge sentenced him to the maximum of 150 years.
Some of the Bernie Madoff investors testified at his sentencing hearing.
Former investor Tom Fitzmaurice told the judge:
“He stole from the rich, he stole from the poor, he stole from the in between. (Madoff) had no values. He cheated his victims out of their money so he and his wife … could live a life of luxury beyond belief.”
Judge Said His Crimes Were ‘Extraordinarily Evil’
U.S. District Judge Denny Chin sentenced Madoff to the maximum possible sentence.
Chin said, when sentencing Madoff:
“Here, the message must be sent that Mr. Madoff’s crimes were extraordinarily evil and that this kind of irresponsible manipulation of the system is not merely a bloodless financial crime that takes place just on paper, but it is instead … one that takes a staggering human toll.”
His crimes also heavily impacted Madoff’s family. A judge ordered Madoff’s wife to forfeit $80 million. His brother was sentenced to 10 years in prison. Two of Madoff’s sons died. Mark Madoff committed suicide. Andrew Madoff died of cancer.
The Associated Press reported that court-appointed trustees have recovered more than $14 billion of an estimated $17.5 billion that that Madoff stole from his clients.