Funds Hub

Money managers under the microscope

Madoff NOT dying of cancer – Prisons Bureau

Photo
-

The latest update on the health of convicted fraudster Bernard Madoff, from the Federal Bureau of Prisons, is that Madoff is NOT dying of cancer.

rtr26mbdA spokeswoman said in a written statement: “Bernie Madoff is not terminally ill, and has not been diagnosed with cancer”, although the bureau didn’t deal with every point raised in the New York Post story.

The Post had reported that the fraudster, who is serving a 150-year jail sentence in a North Carolina prison, had told inmates he does not have long to live, and quoted one inmate saying Madoff was taking “about 20 pills a day” and was “not doing very well”.

Legal experts said a serious illness could have guided Madoff’s decision to plead guilty to the $65 billion Ponzi scheme.

  •