Bernie Madoff, a Wall Street financier disgraced after he admitted to one of the biggest frauds in US financial history, has died in prison at age 82. His death was announced by the Bureau of Prisons. Mr Madoff had been serving a 150-year sentence after he pleaded guilty in 2009 to running a Ponzi scheme, which paid investors with money from new clients rather than actual profits. It collapsed during the 2008 financial crisis.

“Bernie, up until his death, lived with guilt and remorse for his crimes,” his lawyer Brandon Sample said in a statement. “Although the crimes Bernie was convicted of have come to define who he was – he was also a father and a husband. He was soft spoken and an intellectual. Bernie was by no means perfect. But no man is.”(BBC)…[+]